The Coronavirus Business Support Scheme (CBSS) will be re-opened to support businesses and self-employed persons with regular business overheads of £250 or more per month.
Formed under the Coronavirus Business Support Scheme, the ’CBSS - Circuit Break (March 2021)’ will offer a grant payment of £1,500 to eligible applicants who declare that they have a 25% or more reduction in turnover.
This will be open to broadly the same sectors as in the January circuit-break lockdown, with the exception of those businesses permitted to operate during the lockdown announced today which comes into effect at 00.01am on Wednesday March 3 2021 (notably construction and horticulture).
Construction and horticultural businesses should only apply if they are impacted due to indoor working restrictions, a reduction in demand for services from customers, or if workers are required to self-isolate/shield.
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All eligible applicants who received payment through the scheme in January will be fast tracked, based on declarations that their situation remains unchanged.
Applications can be submitted from 5pm tomorrow evening (Wednesday March 3).
More information and a link to the scheme is at www.gov.im/coronavirus.