Business Isle of Man is a dedicated executive agency under the Department for Enterprise of the Isle of Man Government. Established to support, develop, and promote economic growth across the Island’s diverse business landscape, the agency plays a key role in driving innovation, investment, and sustainability. Operating from Douglas, Business Isle of Man functions as a strategic liaison between the government and the private sector.
Organization Overview
Business Isle of Man was created to ensure the Island’s economic prosperity by strengthening local businesses, supporting entrepreneurs, and attracting international investment. It delivers tailored assistance to companies of all sizes through funding, advisory services, and sector-specific initiatives. Its unique concierge model provides businesses with a single point of contact for streamlined support.
Core Services and Programs
Business Support Services
- Concierge Service: One-stop advisory platform for startups, SMEs, and inward investors
- Funding & Support Schemes:
- Business Improvement Scheme
- Micro Business Grant Scheme
- Town & Village Regeneration Scheme
- Hospitality & Retail Support: Sector-specific advice, marketing assistance, and grants
Sector Development Focus
- Built Environment: Urban regeneration and infrastructure investment support
- Cleantech & Sustainability: Targeted incentives and partnerships for green technology
- Engineering & Manufacturing: Promotion of advanced manufacturing capabilities
- Food & Drink: Development of local producers and export-ready brands
- Medicinal Cannabis: Regulatory and licensing framework for cannabis-based product businesses
Strategic Initiatives
- Domestic Event Fund: Financial support for locally hosted events to boost tourism and commerce
- Love Manx – Shop Local: Campaign to encourage domestic consumption of Isle of Man products
- Sustainable September: Month-long initiative supporting eco-friendly business practices
- Innovation Challenge 2025: A competitive program to foster digital and technological innovation from startups and academic institutions
Economic Impact & Reach
- Over 500 businesses engaged through funding and advisory programs annually
- £3.5 million+ in financial support disbursed in 2023 through schemes and grants
- 250+ jobs supported or created as a result of Business Isle of Man-backed initiatives
- 40+ projects funded through the Domestic Event Fund since 2020
- Support for 12 priority economic sectors identified in the Island’s Economic Strategy
Infrastructure & Operational Capabilities
- Government-backed Operations with public sector accountability
- Stakeholder Network: Collaboration with local councils, business associations, and private enterprises
- Cross-departmental Coordination: Integrated approach involving Digital Isle of Man, Finance Isle of Man, and Visit Isle of Man
Certifications & Governance
- Operates under the Isle of Man Department for Enterprise
- GDPR Compliant business support data processes
- Annual Governance Reports published in line with Isle of Man Government transparency protocols
Export & Investment Facilitation
Although not a direct trading entity, Business Isle of Man:
- Supports exporters through marketing grants, trade missions, and export training
- Attracts FDI into advanced manufacturing, cleantech, and agri-food sectors
- Enables expansion funding for scale-ups across the UK and EU
Public Engagement & Recognition
- Quarterly Public Reports outlining progress and KPI delivery
- Annual Business Festival attracting 1,000+ attendees from across the British Isles
- Innovation Challenge Shortlists featured in national media and investment circles
Testimonials
“Business Isle of Man has been instrumental in helping us secure grant funding and expert advice that has accelerated our product development timeline.”
— CEO, Local Manufacturing Startup
“The Concierge Service helped us navigate local regulations and set up our UK headquarters on the Island within weeks.”
— Director, European CleanTech Company
Publications
- Business Isle of Man Programme 2024: Strategic priorities and sector outlook
PDF available
Recognition
- Named ‘Best Regional Business Agency’ by SME Support UK Awards 2023
- Shortlisted in the 2023 European Economic Development Awards
- Partnership Highlight: Member of CleanTech Europe’s public-sector alliance
Business Isle of Man continues to lead with a progressive, adaptable approach to economic development. Its blend of policy innovation, hands-on support, and strategic sector engagement positions it as a model agency for regional growth and sustainable business transformation.
