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...
Recent Updates to the Gov.uk COVID-19 Business Support Pages
The below updates have now been added to the .GOV.UK COVID-19 business support pages: Coronavirus Job Retention Scheme: further clarification following queries received, including: Confirmation of what should form the basis for furlough pay for employees furloughed on...
Insights from Isle of Wight help Bank of England understand impact of Covid-19 crisis
The people of the UK are making extraordinary efforts to limit the health impact of Covid-19. NHS staff, aided by carers and volunteers, are doing sterling work in the face of unprecedented pressures. Families, friends, and neighbours are rallying round those who are...
Solent LEP launches Island business resilience fund in response to coronavirus
The Solent Local Enterprise Partnership (LEP) has launched a new Rural Business Resilience Fund for Isle of Wight businesses in response to the coronavirus outbreak as it works tirelessly to support the region’s businesses. The fund, managed by Natural Enterprise on...
Coronavirus update from IW Chamber CEO Steven Holbrook
At IW Chamber we welcome the measures outlined by the Chancellor of the Exchequer Rishi Sunak to support the self-employed and sole traders whose businesses have been affected by Coronavirus. As ever we await the full detail on what will be a complex scheme that goes...
Grant support for charities working at the forefront of the coronavirus crisis
The Isle of Wight Council and the funding body WightAID have joined forces to ensure frontline charities to the coronavirus response receive the support they so desperately need. For the next few months, WightAID will focus its grant giving to those in the most...
Island Business July / August 2025
