The Isle of Wight Council says it "may well need to" adjust £65,000 worth of social distancing measures in place across the Island.
It means that Islanders will be able to go within one-metre of each other from 4 July, following the Prime Minister's announcement in Parliament.
Earlier this month, the Isle of Wight Council told Isle of Wight Radio that it had spent more than £65,000 of Government money installing new measures - including social distancing dots - in the Island's high streets.
At the time, the local authority said it still had another £60,788 of cash available. A total of £126,269 was given to County Hall, as part of the Reopening the High Street Safely Fund.
Isle of Wight Council leader, Councillor Dave Stewart, says measures "may" now be adjusted:
"We may well need to. I look at it like this. If one of those dots saves one persons life because somebody complied with the request all of it's worth it. I don't put a price on life.
"They can go to a metre and we may adjust that and that's what will certainly happen on transport and things like that."
Labour leader Sir Keir Starmer called on the Government to give local authorities and businesses more money to adjust to new changes, having already implemented current two-metre guidance.
In response, Boris Johnson said:
"I don't think there is a another country in world which has done this much to support businesses... we will continue to support our businesses."
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