Business Support Scheme Pays Out

The Department for Enterprise says it paid out £2,293,000 to businesses through the Coronavirus Business Support Scheme on Wednesday.

Opened on March 3, the scheme is designed to support businesses with their overheads during the March 2021 circuit break lockdown. 

The additional payment of £1,000 was paid to 2,293 businesses who were in receipt of the initial grant payment of £1,500.  The total amount of funding paid to support businesses through the CBSS – Circuit Break (March 2021), as of Wednesday stands at £5,732,500.

Additionally, due to last week’s announcement that the circuit break lockdown has been extended until April 6, applications for the Scheme will now remain open until April 30.

The Scheme remains open and new applicants will still be able to claim the additional amount. If eligible, new applicants to the Scheme will receive a single grant payment of £2,500 to support with the cost of business overhead payments throughout the duration of the circuit break lockdown.

New applications for the Scheme can be made online at: www.iomdfenterprise.im/cbss-cbl

Applicants who have previously received the initial £1,500 grant payment in March 2021, but have not yet received the additional £1,000 funding, are encouraged to contact the Department by email at: enterprisesupport@gov.im

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