Employment Incentives

Features & Benefits

• The Scheme can provide financial assistance to local businesses where: -
• permanent roles are filled by either off-Island workers, recent on-Island graduates or Manx graduates returning to the Island; and
• seasonal roles are filled by off-Island workers or Manx students currently studying off-Island.
• For permanent employees, the scheme provides a 25% grant of up to £10,000 towards the cost of a relocating employee’s first year net salary (minimum salary must be £25,000) paid 1 year in arrears
• For seasonal and temporary employees in an eligible sector undertaking a qualifying role, a flat-rate of £1,000 is available which is payable in two instalments of £500
• Can support existing or new roles within the organisation
• Includes back-filled positions, as long as the same role has not been supported under this scheme previously
• Helps local employers find additional, skilled workers and ensure they find continued growth and success in the Isle of Man

KEY CONDITIONS

The business

• must have a permanent establishment on the Island;
• must be an eligible business under the Enterprise Act 2008 (Eligible Businesses) Regulations 2018*;
• be up-to-date in respect of Income Tax, VAT and National Insurance;
• must have advertised the job locally prior to recruiting off-Island;
• must be expanding its workforce on the Island; and
• must submit their application in advance of appointment.

The job

• must offer a minimum starting salary of £25,000 (or pro-rated equivalent if temporary staff);
• must be a full-time role in which the employee is contracted to work a minimum of 30 hours per week; and
• if the role is permanent, the role must have been advertised on-Island (unless exempt) for a minimum of two weeks, associated evidence must be provided.

The employee

• must be directly employed by the business;
• must work predominantly on the Island;
• must become resident on the Island for income tax purposes, unless a Manx graduate