A Further £2,293,000 Paid to Businesses through the CBSS – Circuit Break (March 2021)

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The Department for Enterprise has today paid a further £2,293,000 to businesses through the Coronavirus Business Support Scheme (CBSS) - Circuit Break (March 2021) following the announcement on Monday 22nd March by the Treasury Minister that additional funding was being made available.

The Scheme opened on 3rd March 2021 to support businesses with their overheads during the March 2021 circuit break lockdown.

The additional payment of £1,000 has today been automatically paid to 2,293 businesses who were in receipt of the initial grant payment of £1,500.

The total amount of funding paid to support businesses through the CBSS – Circuit Break (March 2021), as of Wednesday 24th March 2021 stands at £5,732,500.

Additionally, due to last week’s announcement that the circuit break lockdown has been extended until 6th April 2021, applications for the Scheme will now remain open until 30th April 2021.

The Scheme remains open and new applicants will still be able to claim the additional amount. If eligible, new applicants to the Scheme will receive a single grant payment of £2,500 to support with the cost of business overhead payments throughout the duration of the circuit break lockdown.

New applications for the Scheme can be made online at: www.iomdfenterprise.im/cbss-cbl

Please note: Applicants who have previously received the initial £1,500 grant payment in March 2021, but have not yet received the additional £1,000 funding, are encouraged to contact the Department by email at: enterprisesupport@gov.im

 

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