£500k 'events fund' announced by government

Markets, festivals and shows encouraged

Half a million pounds has been set aside by government for people to arrange local markets, festivals, shows and concerts across the Island.

The sum's been taken from the £100 million economic recovery fund to stimulate domestic spending over the next six months.  

It's open to individuals, community groups, businesses and local authorities 

Organisers can claim up to 80 per cent of the costs of the events, with the £500,000 fund available until the 31 March.

It's intended to help the domestic economy which has suffered from lockdown and border restrictions, and faces a winter season with depleted finances. 
 
The Business Agency of the Department for Enterprise says it's working closely with local authorities to bring forward a number of events. 

More information about the fund will be available here (www.businessisleofman.com ) next week.