The Coronavirus Business Support Scheme was established in March 2020 to provide grant assistance to support local businesses in designated sectors that have been financially affected by the global COVID-19 pandemic.
The Scheme was amended in July 2020 and further amended in October 2020 to allow an additional round of funding to certain eligible businesses in the Tourism and Travel related sectors who have suffered a 50% reduction in turnover caused by the Island’s border restrictions.
The Scheme offers financial support to eligible self-employed* applicants in the form of a grant payment of £3,000.
*Self-employed is defined as:
- Self-employed individuals;
- Sole traders owning a business with no staff other than the owner;
- Partnerships where both parties are the owners and have no other employees; and
- Businesses including limited companies with no staff other than the owner(s).
Applications for Round 2 will remain open until 31 October 2020. Any issues with submitted applications must be resolved by 30 November 2020.
Please email enterprisesupport@gov.im to request the link to the online application form for Round 2.
Applications for Round 3 will open on 1 October 2020 and close on 31 January 2021.
Applicants MUST read the full Scheme Guidelines before submitting an application to the Department.
All queries regarding the Coronavirus Business Support Scheme should be directed to our online enquiry form.
Further details, including the online application form, scheme eligibility and guidelines can be found at the Department for Enterprise's Coronavirus Business Support Scheme page.