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.
Download a copy of the Enterprise Support Schemes Factsheet here.
If you have questions about a specific support scheme, want to confirm your eligibility, or would like an informal chat about the support options available to your business, our dedicated team are here to help.
The Accessibility Grant offers financial support of 50% up to £7,500 to businesses wishing to make adjustments in line with the Equality Act 2017.
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 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 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 gaining an Investors in People (IIP) accreditation is available under 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 Island Infrastructure Scheme aims to provide financial assistance to property developers who plan to develop on designated brownfield sites.
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 Step Programme matches local organisations with undergraduates in their second or penultimate year of university for project-based placements during the summer holidays.
Applications for the 2023 Step Programme have now closed.
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.
University College Isle of Man (UCM) have a wide network of connections to local industry, providing valuable work-based learning and employment opportunities.
The Accessibility Grant offers financial support of 50% up to £7,500 to businesses wishing to make adjustments in line with the Equality Act 2017.
This 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 Employee Relocation Incentive provides a 20% grant of up to £10,000 towards the cost of a relocating employee’s first year net salary.
This 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.
Investors in People (IIP) is a national standard which sets out a level of good practice for training and development of people within a business environment.
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.
The Island Infrastructure Scheme aims to provide financial assistance to property developers who plan to develop on designated brownfield sites.
This 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.
The Step Programme matches local organisations with undergraduates in their second or penultimate year of university for project-based placements during the summer holidays.
This 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.
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 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.
Investors in People (IIP) is a national standard which sets out a level of good practice for training and development of people within a business environment.
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.
This 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.