Working capital loan scheme launches

The government's set aside £10 million to lend to businesses hit by the coronavirus pandemic.

The Coronavirus Business Working Capital Loan scheme is being run by Conister Bank and Santander, who'll provide government-guaranteed loans of up to £250,000.

Treasury Minister Alf Cannan says the loans are an extra safety net for Island businesses which are struggling to cope with the economic effects of Covid.

If your business is interested in applying for a loan, you can contact Conister or Santander International directly.