Support for Tourism Accommodation Sector

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…

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Island’s banks in support of the Isle of Man Disruption Loan Guarantee Agreement

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,…

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Temporary Work Permit Relaxation

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…

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Isle of Man fishing industry to receive financial support during unprecedented coronavirus situation

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…

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Isle of Man Engineering & Manufacturing businesses come forward to support COVID-19 response

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…

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Launch of Strategic Capacity Scheme

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…

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