The Economic Recovery Group has announced the extension of support measures for businesses and self-employed persons that have been negatively impacted by the rise in COVID-19 cases throughout July and August 2021.
The extended support comprises an additional round of funding facilitated through the existing Business Premises Support Scheme and Coronavirus Business Support Scheme.
In addition, the Department for Enterprise has announced extensions to financial support schemes for businesses operating in the Travel and Tourism, and Hospitality and Catering sectors which remain financially affected by the COVID-19 pandemic, as well as additional support for Isle of Man businesses towards adaptation.
Hospitality Transition Support Scheme - NOW CLOSED
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 provided financial assistance to eligible businesses based on three times a business’ annual rates bill for its commercial premises.
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.
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.