Following the announcement of the circuit breaker lockdown on the 5th January, we have laid out below a summary of all the financial and business support schemes available to the on-Island travel and tourism sector, with further links to scheme details, including eligibility and how to apply.

We are acutely aware that our industry have been one of the hardest hit following the effects and continued restrictions caused by the ongoing global COVID-19 pandemic and be rest assured, that both the Agency and the Department for Enterprise’s Enterprise Support teams, are available and here to support you and your business in any way that we can.

If you have any queries, please do not hesitate to get in touch with any member of the Agency team via accommodation.dfe@gov.im or by calling 01624 686663.

Support Schemes available to you

Manx Earnings Replacement Allowance (MERA)

MERA is available again to both employed earners and self-employed people who are made redundant, laid off, put on nil pay by their employer. It is also available to those who are self-employed but who are prevented from carrying out their work due to the restrictions, providing they meet the qualifying conditions. Full details can be found here.

Salary Support Scheme

The Salary Support Scheme is available to all businesses that were able to claim during last year’s period of lockdown, 2 March to 19 July 2020. This is designed to ensure that businesses impacted by the circuit breaker lockdown can continue to pay their employees. Full details of this scheme, including details on how to claim can be found here.

Strategic Capacity Scheme

The purpose of the Scheme is to provide financial assistance to Tourist Accommodation businesses. This is to ensure the Island retains its strategic tourist accommodation capacity during the ongoing COVID-19 crisis. The Scheme is intended to assist a more rapid recovery as the situation improves. Further details can be found here.

Coronavirus Business Support Scheme

The Scheme was amended in December 2020, to allow further funding rounds to certain eligible businesses in the Tourism and Travel related sectors who have suffered a 50% reduction in turnover caused by the Island's border restrictions. The Scheme offers financial support to eligible self-employed applicants in the form of a grant payment of £3,000. Further details can be found here.

Coronavirus Recovery Scheme

The Scheme provides a financial grant towards the costs of adapting a business model to provide products or services in a new and innovative way. The scheme also offers a financial grant towards short term ongoing operational costs such as salaries and overheads. Further information on the Scheme can be found here.

Coronavirus Business Disruption Loan Guarantee (DLGA)

The DLGA is for locally based businesses who would otherwise not qualify for bank support. The Agreement, which is provided through Santander International, Conister Bank, Lloyds Bank, Barclays Bank, HSBC and RBS International, (NatWest Isle of Man Bank), supports overdraft and term-lending facilities of up to £500,000 as well as asset financing facilities. You will need to contact one of the participating lenders directly to discuss further, but you can find out more here.

Coronavirus Business Working Capital Loan Agreement (WCLA)

The Agreement provides a further safety net for those businesses who cannot access working capital via their banks or do not qualify for assistance via the Coronavirus Business Disruption Loan Guarantee Arrangements (DLGA). The Agreement supports overdraft and term-lending loan facilities of up to £250,000 and is supported by Santander International and Conister Bank. You will need to contact one of the participating lenders directly to discuss further, but you can find out more here.

Other Support Available

The Department and wider Government also offer a range of other schemes. For further information please follow the links below:

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