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Loan and Equity

Support to on-Island businesses entering the next growth phase in order to aid their expansion. The scheme is available to existing locally based businesses in export driven economic sectors ideally with 5+ employees.


Accelerator scheme

Growing your Business - Loan Support

Support to on-Island businesses entering the next growth phase in order to aid their expansion.

The scheme is available to existing locally based businesses in export driven economic sectors ideally with 5+ employees.

Support to be given:

  • Financial: loan on commercial terms.
  • Term: 1 to 5 years.
  • Amount: typically up to £100,000 (staged payments).
  • Purpose: loan to support capital, plant, equipment, premises or other tangible assets.


Growing your Business - Equity Support

Equity - the investment will typically be up to £250,000 although more may be considered in exceptional circumstances.

Support to be given:

  • Financial: equity investment as minority shareholder.
  • Term: anticipated 3 to 5 years but could be longer to achieve expected value. Business Plan should include an investment exit strategy.
  • Amount: up to £250,000 though will be viewed on a case by case basis.
  • Purpose: investment support into niche and/or export driven sectors which support the Government’s development ambitions such as E-Business, Financial Services, Manufacturing, Bio-Medical and other emerging sectors will be considered.

Relocator scheme

Relocating your Business

This will encourage industry leaders and entrepreneurs to scale up on Island businesses, establish new, or relocate existing businesses to the Isle of Man. These businesses will typically be entering the 'commercialisation phase' of their growth cycle.

The scheme has been designed to offer equity or similar funding for investment to help enable this expansion.

Support to be given:

  • Financial: Loan, equity or similar investment, as minority shareholder, of typically up to £1million. Please note: Government would not look to become the major shareholder.
  • Term: anticipated 5 years at the discretion of the Scheme Manager. Any Business Plan submitted should include an investment exit strategy.
  • Amount: Up to £1million but viewed on a case by case basis.

Further Information

For further details and scheme guidelines please click here.

Find out more about our Loan and Equity

Register Interest

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Business Support Team
Department of Economic Development
St George's Court
Upper Church Street
Douglas
Isle of Man
IM1 1EX
Telephone:+44 1624 687333
Email: Businesssupport@gov.im

Not sure which scheme you might be eligible for?

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