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 scheme is designed to help businesses engage external consultants to undertake projects such as websites development, marketing and environmental efficiency.
Matched funding available to a maximum of £5,000.
Loan and equity support for new start-ups, on-Island, exporting, and relocating businesses to aid expansion.
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 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 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 regeneration scheme provides matched funding towards external improvements to commercial buildings located within the Island’s six regeneration areas.
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.
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.