Funding & Support Schemes
Whether you are an individual looking to take your first steps into self-employment; a business requiring funding to scale-up and grow; or an established organisation looking to invest and improve in a particular area, the Department for Enterprise has a number of opportunities for creating and developing a business in the Isle of Man.
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The scheme helps businesses engage external consultants to undertake projects such as website development, and marketing. Matched funding available to a maximum of £7,500.
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The scheme offers 75% towards an energy audit and 100% interest-free unsecured loans to eligible businesses to make their operations more energy efficient, lower energy costs and reduce emissions.
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The scheme provides start-ups and early stage small businesses the necessary training, financial support up to £6,000 and mentoring to get their business off the ground.
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This Fund provides up to 80% of eligible costs to event organisers and local authorities to develop exciting new events which will drive footfall and increase spending with nearby businesses.
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The scheme provides a 25% grant of up to £10,000 towards the cost of a relocating employee's first year net salary.
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The scheme is discretionary and can offer a generous package of support to qualifying businesses, including grants of up to 40% towards a range of capital and operating items.
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The scheme assists residents with the reduction of carbon emissions and household energy bills by providing financial contribution for home improvements.
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The Island Infrastructure Scheme aims to provide financial assistance to property developers who plan to develop on designated brownfield sites.
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The Local Economy Fund provides financial assistance to those seeking to undertake activities and initiatives that support the Local Economy Strategy's Strategic Goals.
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The Step Programme matches local organisations with undergraduates in their second or penultimate year of university for project-based placements during the summer holidays.
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The scheme has been established to provide financial assistance to improve the appearance of commercial premises and create civic amenity projects within the Island's town and villages.
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Financial support of up to 30% for vocational training and apprenticeships on Island, including courses on accountancy, childcare, construction, engineering, ICT, shipping, catering and many more.