The second Public Accounts Committee public emergency scrutiny session will be at 11.05 am on Friday 8th May and will be on the subject of Business Support Schemes. Chair of the Public Accounts Committee, the Hon Juan Watterson SHK commented, “We are aware that in the course of a few days in mid-March many parts…
In light of the COVID-19 pandemic, the tourism industry in the Isle of Man is facing considerable challenges. In recognition of the fact that accommodation providers are experiencing unprecedented issues, The Department for Enterprise has been working with the sector to establish a number of initiatives to support recovery. The Department has paid out £1m…
Minister Cannan Since this morning’s update there have been 2 further confirmed positive tests for coronavirus. The total number of confirmed cases of coronavirus in the Isle of Man is 291. There has been 2375 tests, 2259 concluded tests and 116 people are awaiting results. In total 107 patients have been instructed to self-isolate and 11 are presently…
The Isle of Man Disruption Loan Guarantee Agreement, a COVID-19 financial support initiative launched by the Isle of Man Government last week, is now supported by five of the Island’s commercial banks. The Agreement, introduced in response to the financial challenges facing businesses as a result of the coronavirus pandemic, will see HSBC, Lloyds, Barclays,…
Engineers, teachers and 3D printer enthusiasts have come together to help produce personal protective equipment (PPE) for front line workers in the battle against COVID-19 on the Isle of Man. The equipment is being made to supplement the PPE which the Isle of Man Government is sourcing from the UK and further afield on a…
Good afternoon Over the last three weeks I have told you what direct and indirect financial measures have been put in place to help you through this Coronavirus pandemic. It is clear from the response that we have received that the effects of the pandemic and the Government actions have caused widespread disruption to the…
As part of the emergency measures brought in to support the economy during the coronavirus (COVID-19) pandemic, the Department for Enterprise has taken a number of measures to temporarily relax the work permit system: All existing work permits automatically extended by 6 months; All work permit holders and workers engaged in employment which is exempt…
The Isle of Man Government has announced a package of financial support for Manx seafood businesses to help protect their future during the global COVID-19 pandemic. Action is required to protect the industry infrastructure, such as vessels and processing factories which, due to the immediate and devastating impacts on markets, are under threat, with many…
Manx farmers will receive the final payment from the Isle of Man Government’s Agricultural Development Scheme (ADS) a month ahead of schedule due to the global coronavirus pandemic. Qualifying farmers receive their ADS payment in three instalments with the final balancing payment due at the end of April 2020. The Isle of Man Government will…
Today the Isle of Man Government has announced the launch of the Isle of Man Disruption Loan Guarantee Scheme. The Scheme has been introduced in response to the financial challenges facing businesses as a result of the coronavirus (COVID-19) pandemic, and will see the Island’s commercial banks supporting up to £60 million of new lending,…
Engineering and Manufacturing businesses based in the Isle of Man have been stepping up to support the local and international response to the COVID-19 pandemic. Businesses active across sectors such as aerospace, oil and gas, and ceramics have been turning their expertise to designing and producing essential medical equipment to help combat the spread of…
The Department for Enterprise’s Coronavirus Strategic Capacity Scheme has been established to provide financial support to businesses in sectors of strategic importance, starting with registered tourist accommodation business that have been financially affected by the global COVID-19 pandemic. The Isle of Man Government will be offering a tiered range of financial support, based on average…
