Enterprise Development Scheme

Loan Support

Support to on-Island businesses entering the next growth phase in order to aid their expansion.

The scheme is available to existing locally based businesses in export driven economic sectors ideally with 5+ employees.

Support to be given:

  • Financial: loan on commercial terms.
  • Term: 1 to 5 years.
  • Amount: typically up to £100,000 (staged payments).
  • Purpose: loan to support capital, plant, equipment, premises or other tangible assets.

Equity Support

Equity - the investment will typically be up to £250,000 although more may be considered in exceptional circumstances.

Support to be given:

  • Financial: equity investment as minority shareholder.
  • Term: anticipated 3 to 5 years but could be longer to achieve expected value. Business Plan should include an investment exit strategy.
  • Amount: up to £250,000 though will be viewed on a case by case basis.
  • Purpose: investment support into niche and/or export driven sectors which support the Government’s development ambitions such as E-Business, Financial Services, Manufacturing, Bio-Medical and other emerging sectors will be considered.

Further Information

For further details and scheme guidelines please click here.

To enquire, click here.

The Department for Enterprise – Delivering a diverse economy where people choose to work, live and invest

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