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Home / News / Key funding support updates for Island businesses
Home / News / Key funding support updates for Island businesses

Key funding support updates for Island businesses

Published 21:26 on 22 Mar 2020

Island businesses seeking key updates on access to government relief funding are being encouraged to visit a special page on the Isle of Wight Council's website.

The new page at www.iow.gov.uk/covid19_businessadvice is being updated as further information becomes available from the government over the coming days, including details of accessing business rates support.

The page includes an online form for businesses to provide their details to help speed up the process of payment, once the funds are available.

Council leader, Councillor Dave Stewart, said: "We are doing our utmost to help speed up the process for delivery of payment as best we can as the fuller details emerge from the government. This includes ensuring we have the latest information from businesses on their details to facilitate payment.

We are acutely aware of how vital cashflow is for Island businesses to operate in these extraordinary times and are trying to ensure all the processes are in place to assist them."

The council is on standby to receive the latest government guidance on how and when the funds to support local businesses can be accessed.

All occupied premises in the relevant sectors (such as shops, restaurants, cafes, drinking establishments, live music venues etc) will receive a revised business rates bill for 2020/21 confirming the 100 per cent rates holiday for 12 months.

Current government information for businesses and employers, including support, can be found at https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19

Last updated 08:57 on 8 July 2020

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