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Support from banks welcomed during pandemic

Enterprise Minister, Laurence Skelly MHK, is welcoming support from local banks during the Coronavirus outbreak.

Mr Skelly announced several new schemes earlier this week aiming to help businesses on the Isle of Man which have been impacted by the COVID-19 pandemic.

One of those is the Disruption Loan Guarantee Scheme which will see the commercial banks support up to £60million of new lending, 80 per cent of which will be underwritten by the government.

To discuss the lending terms banks are now able to provide, customers are being asked to contact the branches directly.

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