Sat. Jul 2nd, 2022

Isle of Wight Observer News

The Island's Free Newspaper

MP says government money for IW businesses is a step in the right direction

1 min read

The government has now released funds to the tune of £62.8 million to support Island businesses and MP Bob Seely says he is delighted.

The money – which has now come through to the IW Council to help support eligible business ratepayers and businesses – should be paid out to Island businesses from next week.

The funding will help support eligible retail, hospitality and leisure businesses on the Island. The application form for businesses is here:

Bob said: “I welcome these payments coming through to support Island businesses. I know from speaking to Island businesses and the IW Chamber of Commerce that businesses need that support now.

“It is important these payments are expedited to keep Island businesses alive and people employed.

“I know the IW Council is working hard to ensure these payments get to where they are needed as quickly as possible. I thank them for the important work they are doing.

“More needs to be done to keep our businesses going, and Islanders in employment, but this funding coming through now addresses some initial, major concerns and is an important step in the right direction.”