Funding & Support Schemes
Whether you are an individual looking to take your first steps into self-employment; a business requiring funding to scale-up and grow; or an established organisation looking to invest and improve in a particular area, the Department for Enterprise has a number of opportunities for creating and developing a business in the Isle of Man.
Business Advisory Service
Part of the Business Consultancy Scheme, the FREE Business Advisory Service offers expert, tailored advice via an independent consultant who will review your business, discuss your needs and help identify both challenges and opportunities for your business. Whether your business is struggling, looking to grow, or change direction, apply now and get guidance from an expert. This service is available to all businesses.
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The scheme helps businesses engage external consultants to undertake projects such as website development, and marketing. Matched funding available to a maximum of £7,500.
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The scheme offers 75% towards an energy audit and 100% interest-free unsecured loans to eligible businesses to make their operations more energy efficient, lower energy costs and reduce emissions.
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The scheme provides start-ups and early stage small businesses the necessary training, financial support up to £6,000 and mentoring to get their business off the ground.
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This Fund provides up to 80% of eligible costs to event organisers and local authorities to develop exciting new events which will drive footfall and increase spending with nearby businesses.
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The scheme provides a 25% grant of up to £10,000 towards the cost of a relocating employee's first year net salary.
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The scheme is discretionary and can offer a generous package of support to qualifying businesses, including grants of up to 40% towards a range of capital and operating items.
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The scheme assists residents with the reduction of carbon emissions and household energy bills by providing financial contribution for home improvements.
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The Island Infrastructure Scheme aims to provide financial assistance to property developers who plan to develop on designated brownfield sites.
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The Local Economy Fund provides financial assistance to those seeking to undertake activities and initiatives that support the Local Economy Strategy's Strategic Goals.
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The Step Programme matches local organisations with undergraduates in their second or penultimate year of university for project-based placements during the summer holidays.
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The scheme has been established to provide financial assistance to improve the appearance of commercial premises and create civic amenity projects within the Island's town and villages.
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Financial support of up to 30% for vocational training and apprenticeships on Island, including courses on accountancy, childcare, construction, engineering, ICT, shipping, catering and many more.
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The enhanced Scheme provides funding of up to 80% (capped at £2,000) towards eligible costs for hospitality, leisure, entertainment and retail venues to host in-house-events.
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Please find here details of all of the Department’s grants and assistance schemes