The Chief Minister says talks will take place with property owners to gauge the extent of the flood damage on Friday.
There was damage around the Island during the storm surge with Ramsey and Castletown particularly badly hit.
Allan Bell was in his constituency during the floods to witness the extreme weather.
Speaking from Parliament Street, he said authorities and government will hear what business owners are facing:
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Two sailings cancelled due to weather forecast
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Further offer made to bus drivers on Friday
Bus Vannin says it has attended all negotiations