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Our new £50million fund can help you start and grow your business

The Department of Economic Development offers a highly tailored personal service for businesses that can create jobs and benefit our economy. We offer a range of support services in conjunction with a wide variety of financial assistance schemes.

Enterprise Development Scheme

A total of £50 million will be available over a 5 year period to invest in businesses that seek to create jobs on the island. Funding includes grants, loans and equity. SPARK Impact have been appointed as fund managers of the scheme.

spark

Starting your business

For on-Island start-ups seeking financial support and guidance on making their new business idea a reality.

Enter your details to see what financial support scheme is best suited to your current business ideas.

Tell us about your business

Scheme

Micro and Small Grant Scheme

Potential support

Maximum grant up to £25,000

Find out more

Expanding your business

Providing Loan and Equity support for existing small to medium enterprises entering the next growth phase.

Enter your details to see how your business may be able to benefit from our financial support schemes.

Tell us about your business

Scheme

Small Grant Scheme and Loan and Equity Support Scheme

Potential support

Maximum grant up to £25,000

Maximum loan up to £100,000

Maximum equity investment up to £250,000

Find out more

Relocating your business

For relocating medium to large firms to the Island that are already at the commercial stage of their development.

Enter your details to discover which financial support scheme may benefit your business relocation.

Tell us about your business

Scheme

Loan and Equity

Potential support

Maximum loan up to £1million

Maximum equity investment up to £1million

Find out more

Watch local funding stories:

J Allen
enterprise noa

Not sure which scheme you might be eligible for?

Contact our business support team

Rest assured, we respect your privacy.

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