Extended COVID-19 Support 

The below figures show total applications received, total applications processed and total payments processed to date as of Wednesday 22nd September 2021.

Extended COVID-19 Support

EXTENDED SUPPORT FOR CUSTOMER FACING BUSINESSES

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 2021 and August 2021.

Please note: Applications for the July funding round have now closed, however financial support for August 2021 remains open for applications.

The extended support comprises an additional round of funding facilitated through the existing Business Premises Support Scheme and Coronavirus Business Support Scheme.

Support is available for those customer facing businesses who are unable to work from home and are affected by self-isolation requirements of business owners and staff or drop in customer demand.

Eligible applicants which operate from commercial premises can apply to receive either a grant equivalent to one years' rates bill for each of their commercial premises, or a single grant payment of £1,000 if their annual rates bill(s) is less than £1,000.

Eligible applicants who do not operate from commercial premises, or do not contribute to the cost of rates for the commercial premises, can apply to receive a single grant payment of £1,000.

Applicants are entitled to claim either a grant equivalent to one years’ business premises rates payment, or a lump sum payment of £1,000.

 

Extended Support - August 2021 

Grant support for August 2021 is subject to evidence of a decreased turnover of 25% or more in August 2021 against August 2019 or August 2020 and can be used toward any business overheads and staffing costs, to alleviate cash flow issues.

Businesses with multiple commercial premises are able to apply for each premise on a single application for the Rates element of the Scheme, up to a maximum of five business (not residential) premises.

Applications for the August payment round opened on Wednesday 1st September, and will close on Friday 15th October at 5:30pm.

APPLY FOR EXTENDED SUPPORT - AUGUST 2021

Extended Support - July 2021

Applications for the July payment round closed for applications on Friday 17th September at 5:30pm.

Eligible Sectors

The intention of the Scheme is to primarily support businesses in the following sectors: 

  • Catering;
  • Entertainment;
  • Hospitality;
  • Leisure;
  • Lifestyle sectors, including but not limited to beauty, hairdressers, gyms and personal trainers;
  • Retail (excluding any retailer that is liable to pay or will be liable to pay income tax at a 10% rate under the large retailers tax for the 2018/19 income tax year); and
  • Service sector businesses including (but not limited to):
    • Animal Care;
    • Childcare;
    • Cleaning;
    • Education;
    • Healthcare;
    • Removal companies;
    • Repairs and maintenance of vehicles; and
    • Taxis and minibuses.

Excluded Sectors

Excluded sectors are any business which falls into the below sectors:

  • The Finance sector including but not restricted to;
    • Banking
    • Insurance
    • Fund industry including managers and administrators
    • Accountancy services, except for those businesses with 25 employees or less where the majority of their clients are in the Isle of Man
    • Trust and corporate service providers
    • Other financial services
  • Legal services, except where at least 30% of the income of the provider of those services is derived from either or a combination of conveyancing and legal aid related work;
  • IT; information technology and digital, except for those businesses with 25 employees or less where the majority of their clients are in the Isle of Man;
  • E-gaming etc.;
  • Construction;
  • Space;
  • Visitor Accommodation, other than registered permanent campsites without glamping facilities;
  • Utilities (including gas and telecoms);
  • Property Landlords;
  • Public administration;
  • Tourism & Travel;
  • Any retailer that is liable to pay or will be liable to pay income tax at a 10% rate under the large retailers’ tax for the 2018/19 income tax year;
  • Any business that receives a significant amount of its income from Isle of Man Government in any way and including payments for underwritten events; and
  • Any constituent entity of a MNE group under the Income Tax (Country-by-Country Reporting) Regulations 2017 (total consolidated group revenue of 750 million Euros or more).

Eligibility Criteria

Please read the eligibility criteria, available in Section 1.3d of the Scheme Guidance for the relevant funding round carefully to ensure your eligibility before making an application.

Potential applicants who are unsure of their eligibility are encouraged to contact the Department for Enterprise by email at enterprisesupport@gov.im, by telephone on 687333 or by completing an online enquiry form.

How to apply

Applications for both the August funding round can be made online.

Apply for Extended Support - August 2021

Following receipt of a correctly completed and eligible application form, the Department will seek to process applications within approximately 5-10 working days of submission of the application. However, due to the potentially high demand levels for the Scheme and depending on the complexity of the application, the processing period may be extended.

 

Additional COVID-19 Business Support

Alongside this support, businesses and self-employed individuals may also be able to benefit from the following schemes (subject to certain eligibility requirements):

Application Form - August 2021

DOWNLOADABLE RESOURCES

NEWS

  • New Support Announced for Businesses Impacted by COVID-19

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