Department for Enterprise publishes 2025-26 Department Plan

The Department for Enterprise (‘DfE’) has published its Department Plan for 2025-2026, building on the progress of the past year, and setting out a delivery-focused plan to drive economic growth and innovation in line with the Island Plan and Economic Strategy.

This year’s Department Plan focuses on implementing targeted economic initiatives and priorities including Data Asset Foundations and Sustainable Finance propositions, supporting preparation for the upcoming Moneyval Assessment and Beneficial Ownership requirements, continued delivery of the Local Economy Strategy, the Visitor Economy Strategy, and support for the Skills Board Action Plan.

In addition to these priorities, DfE will progress the economic milestones set out in the 2025–26 Island Plan and deliver aligned to the redefined strategic priorities, including supporting the government-wide efficiencies programme, demonstrating financial discipline, ensuring the Island’s security through cross-Government priorities such as supporting work on inward migration and securing and expanding the Island’s connectivity following approval of the Strategic Air Services Policy.

Tim Johnston MHK, Minister for Enterprise commented: ‘The 2025-26 Department Plan, the last to be published for this administration, brings together our strategic priorities and actions to bring positive change to our economy, respond to global opportunities and forge a more secure, vibrant and sustainable economic future for our Island.

‘Our collaboration with industry, through our public/private partnerships and regular outreach remains of utmost importance in order to enhance the Island’s proposition through promotion, policy and product development. Therefore, understanding this importance, I have signalled a review into how the Agencies operate – to consider areas for refinement to ensure they continue to deliver effectively for industry, the Department and the wider economy.’

The Minister added: ‘We are committed to delivering on our Island Plan milestones and maintaining financial discipline, delivering efficiencies, and working collaboratively across government to ensure that priorities are achieved in a way that is both measurable and impactful.'

The Department Plan will be laid before Tynwald in July 2025, and a copy of the document can be accessed on the Register of Business.