Coronavirus Business Adaptation Grant Now Available

A new Coronavirus Business Adaptation Grant has been launched to support all Isle of Man businesses that are having to diversify their offering as a result of the COVID-19 pandemic.

Any Isle of Man business that can demonstrate they have been affected by the pandemic and have a viable plan to continue subject to the adaption proposed, can now apply to the Department for Enterprise to cover 50% of any of the costs involved in the adaption (this excludes large retailers).

Laurence Skelly MHK, Minister for Enterprise, commented:

‘The Island has a history of evolution and adaptation and this new grant looks to support those businesses that are diversifying their offering in this current unprecedented climate. As we navigate these uncertain times I would like to thank all of our local companies who are showing such resilience and innovation for the benefit of our Island.’

Possible examples of diversification include:

• A Distillery looking to make Hand Sanitiser
• An affected business looking to invest in improved IT infrastructure to enable remote working

Full details on the scheme can be found here: www.iomdfenterprise.im/cbas

To find out more about the financial support schemes for businesses and individuals affected by Coronavirus, please visit: https://www.gov.im//covid19support. To enquire please use the online form here: www.gov.im//businessenquiry. Completed applications forms can be sent to enterprisesupport@gov.im