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.
STEP places local undergraduate students within Isle of Man based
organisations to complete an 8 week project-based placement during the student summer break.
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.
The standard provides a national framework for improving business performance and competitiveness by developing employees and encouraging continuous improvement.
The Department funds the consultancy element required to assist the business through the process, with the business funding the accreditation application.