The mission of the Isle of Man Government’s Department for Enterprise is to create an environment for businesses in the Isle of Man, through innovation and collaboration, where the economy thrives.
The Department for Enterprise offer a range of business support schemes for businesses as they start, grow and invest in their enterprise in the Isle of Man.
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The Financial Assistance Scheme provides a range of grants and soft loan support for New start-up businesses, Isle of Man businesses looking to expand and Businesses relocating to the Isle of Man.
The purpose of Micro Business Grant Scheme is to help foster local enterprise, help individuals take their first steps into self-employment and to assist in the creation and growth of small, viable, quality businesses on the Isle of Man.
The Business Improvement Scheme is designed to help businesses become more effective and efficient by engaging with external technical consultants to complete a range of business improvement projects.
The main purpose of the Enterprise Development Scheme is designed to help grow the Island’s economy and create jobs on-Island, by providing funding for businesses entering or in their commercial phase.
As the Isle of Man Government looks to expand the Island’s workforce to help to grow the economy and generate additional tax revenue, the Employee Relocation Incentive aims to encourage expansion by recognising the additional costs in recruiting off-island employees.