Ministers on the Isle of Man have put together an aid package for businesses affected by the cancellation of this year's TT races.

The fortnight-long festival had to be cancelled because of the Coronavirus pandemic. Many business rely on the revenue generated by the tens of thousands of visitors to the annual festival.

"We know that the impact on the many hotels, pubs, and shops that largely rely on the Tourist Trophy is far greater than the state income alone," said minister Laurence Skelly.

"We have developed a package of support measures for companies and individuals affected by the cancellation, and we work closely with all concerned to implement this as soon as possible."