Programs extended until October for some
Hospitality business owners say they need government financial support to keep winter going.
The programs have been extended until October to cover those who lost at least 25% of their turnover in August due to the Covid-19 pandemic.
However, Andy Saunders, who runs Quids Inn, says it’s not the biggest problem businesses face and tougher times are ahead:
John Kinley, of Ocean Views Restaurant, says that when government supports business, the benefits are felt throughout the economy:
In response to a request for comment, a spokesperson for the Economic Recovery Group provided Manx Radio with the following statement at 2:19 p.m.:
“The Economic Recovery Group, which is chaired by the Minister of the Treasury, is committed to providing timely financial support, where appropriate, to help businesses position themselves for recovery from the continued impact of COVID -19 on the economy of the Isle of Man in the short, medium and long term.
“All financial support programs facilitated by the economic stimulus package are continuously reviewed to ensure that when national or international COVID-19 policy has severely restricted their market sector or capacity to operate, businesses, industries and jobs on the island are protected by a period of transition and are supported to put them in a strong position for the future. “