Plans underway for TT 2021
The cancelled TT and Festival of Motorcycling this year has cost the Manx economy £49 million.
Enterprise Minister Laurence Skelly provided the figure whilst confirming plans for next year's event are already underway.
A number of virtual events have been taking place during what would've been TT fortnight - today (12 June) would've been Senior Race Day.
Mr Skelly says the impact on the Island cannot be underestimated: