Business Energy Saving Scheme

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.

Business Improvement Scheme

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.

CBSS - BUSINESS PREMISES SUPPORT SCHEME

The Business Premises Support Scheme was established in March 2021 and provides grant assistance to local businesses in designated sectors that have been financially affected by the COVID-19 pandemic.

The Scheme operates in two parts, the Rates Payment Element and the £250 Payment Element.

Applications close on the 30th April 2021.

CBSS - CIRCUIT BREAK (MARCH 2021)

The Coronavirus Business Support Scheme (CBSS) will be re-opened to support businesses and self-employed persons who have regular business overheads of £250 or more per month.
Applications will close on 30th April 2021.

Coronavirus Business Support Scheme (Round 5)

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 who have suffered a 50% reduction in turnover for the period January-March 2021, caused by the Island's border restrictions.

Business Adaptation Grant (CRS)

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.

Business Overheads Grant (CRS)

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.

Coronavirus Strategic Capacity (Tourist Accommodation) Scheme

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.

Coronavirus Loan Agreements

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.

Domestic Event Fund

Business Isle of Man has launched this fund, designed for local authorities and businesses to support in the development of domestic focused events.

Douglas Promenade Support Scheme

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.

Enterprise Development 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.

Employee Relocation Incentive

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.

Financial Assistance Scheme

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.

Investors In People

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.

Micro Business Grant Scheme

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.

Town & Village Regeneration Scheme

The regeneration scheme provides matched funding towards external improvements to commercial buildings located within the Island’s six regeneration areas.

Vocational Training and Assistance Scheme

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. 

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