The updated initiative and subsequent round three funding will provide financial support to eligible accommodation businesses to cover the period October 1 this year to March 31 next year. Visit: https://covid19.gov.im/ for details of all financial support measures that are currently in place Qualifying businesses must be able to demonstrate, if challenged, that their business has suffered losses in revenues of at least 25% to apply. In particular I specifically hereby confirm that this business meets all of the following statutory requirements: it has 1 or more employees; is not in an excluded sector as defined at Section 3 of the scheme and in the guidance; has its place of business in the Isle of Man; Whether you are an individual looking to take your first steps into self-employment; a business requiring funding to scale-up and grow; or an established organisation looking to invest and improve in a particular area, the Department has a number of opportunities for creating and developing a business on the Isle of Man. The scheme is one of the measures introduced by the Isle of Man Government, to help businesses retain their staff, where they have been affected by the COVID-19 pandemic. Treasury concurrence is needed for applications where the support to be offered exceeds £100,000. Due to the disruption caused by COVID-19, the Isle of Man Government has set out a package of measures to support local businesses. A helpline to assist with navigating the Government support packages and COVID-19 related business issues. CSV - Business Support Scheme data JSON - Business Support Scheme data XML - Business Support Scheme data Business Support Scheme No.2 data. The Isle of Man Government has also set out a package of measures to support local businesses throughout the unprecedented disruption caused by COVID-19. Business support enquiry form for a range of schemes and initiatives to encourage new businesses to start-up on the Island, help existing businesses to grow and to encourage investment in new technologies and working practices in order to make our businesses more efficient and competitive. The helpline is available by calling 01624 689497. Following the cancellation of the Isle of Man TT last week, the government announced a grant scheme and national insurance holidays for businesses related to the tourism industry. Coronavirus Business Support Scheme. The following Business Support Scheme data for the Isle of Man is available to download. Employers. The Isle of Man Government's Coronavirus Business Support Scheme has been established to provide grant assistance to support local businesses in designated sectors that have been financially affected by the global COVID-19 pandemic. The Isle of Man Government is monitoring the coronavirus (Covid-19) outbreak closely and have introduced emergency support measures for businesses and workers affected by the global pandemic. The Isle of Man is a leading international business centre renowned for its innovation, professionalism and long-standing policy of positive engagement with international initiatives and standards. The government expects large employers (those with 250 or more employees) and their corporate groups using the Job Support Scheme will not make capital distributions while accessing the … The COVID-19 outbreak is having a huge impact on our lives, families and communities, not to mention the potentially significant challenges facing Isle of Man businesses. Other Support Available. The Strategic Capacity Scheme has been supported with a further £4.5million as part of the Isle of Man Government’s Economic Recovery Fund. These packages include the Wage Support Scheme, Manx Earning Replacement Allowance (MERA), the Business Support Scheme and the National Insurance Holiday Scheme. This includes the following measures for employers, self-employed and employees.