The Department for Enterprise has announced extensions to financial support schemes for Travel and Tourism businesses which remain financially affected by the continuing restrictions placed on the Island's borders due to the COVID-19 pandemic, as well as additional support for Isle of Man businesses towards adaptation.
The Hospitality Transition Support Scheme was established in June 2021 to provide grant assistance to support local businesses in the Hospitality and Catering sectors that have been financially affected due to the global COVID-19 pandemic.
The Scheme provides financial assistance to eligible businesses based on three times a business’ annual rates bill for its commercial premises.
It is intended that this funding will support the sector over the transitional period of the three months of June, July and August 2021.
The Business Adaptation Grant is formed provides financial assistance in the form of a grant payment to support the costs of adapting a business and/or to provide support towards essential ongoing operating costs.
This support can be used for adjustments including but not limited to; modifications to facilities, protective screens, rent on additional space leased and ventilation works to improve indoor air quality from an outside source.
NOW CLOSED: CBSS – Circuit Break (March 2021)
Offers grant assistance up to £3,500 to support businesses with eligible business overheads. Applications for this Scheme closed on Friday 14th May 2021.
NOW CLOSED: CBSS - Business Premises Support Scheme
Provides grant assistance to support local businesses in designated sectors that have been financially affected by the COVID-19 pandemic, operating in two parts:
Applications for this Scheme closed on Friday 14th May 2021.
Potential applicants who are unsure of their eligibility, may contact the Department by telephone on 687333 or by completing the brief online enquiry form which can be found at www.gov.im/businessenquiries
The Isle of Man Government has set out additional measures to support local businesses throughout the disruption caused by COVID-19.
This includes the following measures for employers, self-employed and employees.
For enquiries regarding any of the schemes listed above, please complete our online enquiry form.