Manx businesses and self-employed residents offered £1,500 fixed payment

Credit: ITV Granada Reports

A fixed payment of £1,500 has been made available for Manx businesses and residents who are self-employed while the Isle of Man remains in lockdown.

Payments will be made available to those who can evidence that they have eligible ongoing business overheads of at least £500 per month.

The Manx government has reintroduced the Coronavirus Business Support Scheme (CBSS) amid the Island's 'circuit break' lockdown and plan to keep applications open until 31st January.

It will run alongside the existing Manx Earnings Replacement Allowance (MERA) and Salary Support Scheme.

Businesses are also able to access financial support through the Coronavirus Business Working Capital Loan Agreement, and the Disruption Loan Guarantee schemes, both of which have been extended to 31st March 2021.

Further details on the Isle of Man financial support schemes can be found here.