Applications have opened for the COVID-19 Winter Disruption Scheme, which provides additional financial support to the island’s catering, hospitality, leisure, tourism and travel, retail and lifestyle sectors.
The support is to provide support to businesses which can prove reduced trading due to the ongoing pandemic.
The scheme provides financial assistance in the form of a grant to businesses and self-employed persons operating in eligible sectors whose turnover has been materially impacted over a three month period since September 2021, compared to the same period in 2019 or 2020.
Eligible businesses which operate from commercial premises can claim a grant equivalent to the value of up to four times their rates bill(s) for each of their commercial premises.
Eligible businesses which do not operate from commercial premises can claim a single grant payment of up to £4,000.
To access financial support through this Scheme, applicant businesses will be required to declare that they have suffered a downturn in turnover during a qualifying period.
The extent of this downturn can be adjusted to take into account inflation and potential increased staff costs during this extended period.
Applications are now open and will close on Friday April 15 2022. The full guidance, including eligibility criteria and a link to apply, can be found at: https://www.iomdfenterprise.im/coronavirus/winter-disruption-scheme/
Potential applicants who are unsure of their eligibility are encouraged to contact the Department for Enterprise by email at email@example.com or by telephone on 687333.