The scheme has been designed to provide unsecured interest-free loans to businesses seeking to make their operations energy efficient.
Interest free loan of 100% over 5 years towards the cost of a project that improves energy efficiency up to a maximum of £20,000.
The scheme is designed to help businesses engage external consultants to undertake projects such as website development, marketing and environmental efficiency.
Matched funding available to a maximum of £5,000.
The Business Adaptation Grant is formed under the Coronavirus Recovery Scheme which provides financial assistance in the form of a grant payment to support the costs of adapting a business and/or to provide support towards essential ongoing operating costs.
The Scheme aims to provide grant assistance to support local businesses in the tourism and travel related sectors that continue to be financially affected by the global COVID-19 pandemic and who have suffered a reduction in turnover caused by the border restrictions.
This Scheme was amended to allow further funding rounds to certain eligible self-employed individuals and sole traders in the Tourism and Travel related sectors.
The primary purpose of this Scheme is to ensure the Island retains its strategic capacity in the Tourist Accommodation sector during the period impacted by COVID19 and subsequent emergency measures introduced by the Government.
The Isle of Man Disruption Loan Guarantee Agreement and the Coronavirus Business Working Capital Loan Agreement are COVID-19 financial support initiatives launched by Isle of Man Government.
The scheme provides loan support to viable, sustainable and eligible retail and hospitality businesses on Douglas Promenade which have been financially affected by the Refurbishment Scheme.
The purpose of this Scheme is to grow the Isle of Man economy and create jobs on the Island by providing funding for businesses entering or in their commercial phases.
The Employee Relocation Incentive provides a 20% grant of up to £10,000 towards the cost of a relocating employee’s first year net salary.
The Economic Recovery Group has announced the extension of support measures for businesses and self-employed persons that have been negatively impacted by the rise in COVID-19 cases throughout July 2021.
The scheme is discretionary and can offer a generous package of support to qualifying businesses, this includes grants of up to 40% towards a range of capital and operating items including building expenditure, plant and machinery, marketing, first year expenses, rent, training, energy and waste efficiency.
The Graduate Role Incentive offers local businesses 20% of the first year salary up to £6,000 and an employer National Insurance rebate for each graduate hired through supported roles, to encourage the provision of graduate-level opportunities available for those returning to the Isle of Man.
Support for businesses towards attaining an Investors in People (IIP) accreditation is available through the Business Improvement Scheme.
The Department funds the consultancy element required to assist the business through the process, with the business funding the accreditation application.
The scheme has been designed to give start-ups and early stage small businesses the necessary training, financial support and mentoring to get their business off the ground.
Matched funding up to £6,000 available for all businesses, with assistance of £15,000 for exporting businesses and child care providers.
The Town & Village Regeneration Scheme provides financial assistance to improve the appearance of commercial premises and create civic amenity projects within the Island’s towns and villages.
Government offers financial support of up to 30% for vocational training and apprenticeships on Island. Support covers a range of courses including accountancy, childcare, construction engineering, ICT, shipping, catering and many more.
