COVID-19 Financial Support: Routes to accessing working capital

An update from Finance Isle of Man on the routes to accessing working capital for businesses affected by COVID-19

Following the outbreak of coronavirus, the Isle of Man Government launched a number of financial support schemes to assist businesses that had been financially impacted by the pandemic. This included two Government-led financial support Arrangements, supported by a number of local banks, with Government-backed guarantees.

After the successful surgery in Douglas last month, Finance Isle of Man are now expanding the event across the South, West and North of the Island, making it more accessible for all businesses. Each session will provide businesses with an overview of the two Arrangements, including features, eligibility requirements and application support.

There will also be an opportunity to pre-book 15 minute private one to ones with our Government representative to discuss your businesses needs further. 

Session & Venue information:

Castletown - 19/10/2020 - Morton Hall - 9:30 - 11:30

Peel - 22/10/2020 - Peel Centenary Centre - 9:30 - 11:30

Ramsey - 23/10/20 - Ramsey Town Hall - 12:00 - 14:00

Agenda for each session:

- Presentation by John Hunter, Head of Banking and Fiduciaries for the Finance Isle of Man Agency (please see presentation outline below)

- Audience Q&A

- Private one to ones with John Hunter

Presentation:

• Routes to working capital
• Outline of the Disruption Loan Guarantee Arrangements
• A walk-through of the recently launched Working Capital Loan Guarantee Arrangements
• Brief and simplistic examples of impact on cash flow
• Outline of the support available to businesses in preparing funding applications and what may be required.

Register for the free event here

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