The Coronavirus Business Adaptation Scheme aims to provide financial assistance to local businesses in designated sectors that have been financially affect by the global COVID-19 pandemic.
The Scheme offers financial assistance of up to 50% to eligible businesses who may wish to consider innovating and adapting their business model to seek new avenues of business and/or provide their products or services in a new way.
Businesses which have experienced a downturn in turnover of at least 50% since 1 March 2020, as confirmed in management accounts, and operate in the following sectors are welcome to apply:
Travel and Tour Operators
- travel agents
- tour operators
- coach operators
- private car hire operators
- car rental businesses
- airport/seaport based taxi operators
- airport parking/valeting businesses
With income derived wholly or mainly from such an operation.
Taxi and private car hire operators must generate more than 50% of their revenue from serving the Sea Terminal and Ronaldsway Airport in order to be eligible.
“Animal Care” means a business with income wholly or mainly from the keeping of animals in a boarding establishment which is licensed under the Animal Boarding Establishments (Isle of Man) Act 1973 and has, and continues to, suffer at least a 50% reduction in turnover as a direct result of the border restrictions.
This excludes operators who provide animal day care facilities.
Any business directly linked to the tourism and travel sector that can prove to the satisfaction of the Department’s Chief Executive that it has and continues to suffer at least 50% reduction in turnover as a direct result of the border restrictions imposed due to COVID-19.
Tourist Accommodation Providers, with the exception of registered permanent campsites without glamping facilities, are ineligible under this Scheme but are encouraged to contact the Department’s Visit Isle of Man Agency and enquire regarding the Strategic Capacity Scheme.
Further details, including the application form, eligibility and scheme guidelines can be found at the Department for Enterprise’s Coronavirus Business Adaption Scheme page.