Chancellor extends Self-Employment Support Scheme and confirms furlough next steps
Rishi Sunak announces Self-Employment Income Support Scheme will be extended - with those eligible able to claim a second and final grant capped at £6,570 Chancellor also outlines further details on the extension of the Coronavirus Job Retention Scheme, including...
‘Business Bounce Back’ initiative to benefit Island charities
A scheme to help get businesses back up and running with the sale of protective face masks is also set to benefit local charities on the Island. The ‘Business Bounce Back’ initiative is being supported by entrepreneur John Caulcutt and Yarmouth-based chandlery...
Diametric proudly donates 1000 face shields
Like many manufacturing businesses throughout the UK, Isle of Wight based industrial badge and labelling manufacturer, Diametric, has been busy diversifying their production line to assist in the demand for PPE. In collaboration with a long standing key client, they...
Chancellor extends furlough scheme until October
The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced today (Tuesday 12 May 2020). In a boost to millions of jobs and businesses, Rishi Sunak said the furlough scheme would be extended by a further four...
NHS COVID-19 contact tracing app
The Isle of Wight will be leading the way to take the country into the next phase of tackling this pandemic. This is a key part of the government’s plans to control coronavirus, ensuring we minimise the spread of the virus and can be used to keep our community as safe...
New Bounce Back Loans launch today
Britain’s small businesses will be able to apply for quick and easy-to access loans of up to £50,000 from today – with the cash expected to land within days. small businesses will be able to apply for quick and easy-to-access loans from today businesses will be able...
Local businesses join forces to provide scrubs for Carers
Three local businesses have joined forces to provide desperately needed clothing to be used as scrubs for local Carers during the current Covid19 pandemic. Rapanui based in Freshwater were contacted at the weekend by Reuben Loake Managing Director of Ryde based...
Bounce Back Loans – New 100% government backed loan scheme for small business
businesses will be able to borrow between £2,000 and £50,000 and access the cash within days loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form Small businesses will benefit from a new fast-track...
Emergency fund of up to £10.5 million to support lifeline transport links to the Isle of Wight
Government funds will maintain vital transport links to the mainland. Vital transport links to the mainland for people living on the Isle of Wight and the Isles of Scilly have been safeguarded during the COVID-19 pandemic, thanks to an emergency package of up to £10.5...
Coronavirus Job Retention Scheme
Claim for your employees’ wages through the Coronavirus Job Retention Scheme (CJRS) General information about the scheme To be eligible for CJRS an employer must agree with the employee that they are a ‘furloughed worker’. Employees must be notified that they have...
Island Business September / October 2025
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