Grants & Funding

Grants & Funding

The Isle of Man Government actively supports business through various grant schemes. Here's what's available.

Key Schemes

${cards([ { icon:'🚀', title:'Enterprise Development Scheme', desc:'Grants for new and growing businesses. Covers consultancy, marketing, training, capital equipment. Up to 40% of eligible costs.' }, { icon:'🏭', title:'Financial Assistance Scheme', desc:'For larger investments — manufacturing, technology, significant employment creation. Negotiated on a case-by-case basis.' }, { icon:'💻', title:'Digital Development Grant', desc:'Support for digital transformation, e-commerce, software development. Aimed at helping traditional businesses go digital.' }, { icon:'🌱', title:'Agricultural Grants', desc:'DEFA schemes for farm improvements, environmental management, diversification.' }, { icon:'🏠', title:'Home Improvement Grants', desc:'For qualifying homeowners — energy efficiency, disabled adaptations, essential repairs.' }, { icon:'📚', title:'Training & Skills', desc:'Funding for staff training, apprenticeships, professional development.' }, ])}

How to Apply

1. Contact the Department for Enterprise to discuss your project: 687171
2. They'll advise which scheme fits and what evidence you need
3. Submit a business case / application form
4. Assessment and approval (typically 4-8 weeks)
5. Grants are usually paid on evidence of expenditure (not upfront)

Other Funding Sources

• Isle of Man Bank / Lloyds — Business loans and overdrafts
• Conister Bank — IoM-based bank with SME lending
• Start Up Loans — Government-backed personal loans for business startups
• Angels & VCs — Limited on-island, but the Department for Enterprise can make introductions