DfE announces changes to business scheme

Monday, 7 January 2019 06:02

By Rob Pritchard @rpritchard9

The Department for Enterprise has announced a series of changes to one of its schemes.

Changes to its Business Improvement Scheme include financial support up to £5,000, a grant of up to 50 per cent towards project costs and a business advisory service funded by the DfE.

Enterprise Minister, Laurence Skelly, says these changes will help more people and businesses reach their potential on the Island.

The program - formerly known as the Business Support Scheme - started in 2004 and has seen over 150 projects completed in the last five years.

More from Isle of Man Business

Corporate income tax deadline looms

Companies are being urged to get their corporate income tax returns in soon.
Dental and beauty clinic wants to expand

Plans have been submitted to expand a dental and beauty clinic on Loch Promenade in Douglas.
Could you help transform Manx healthcare?

The Department for Enterprise is inviting people to come up with ways to transform healthcare.
New entries on Syrian sanctions list

The government says nine entries have been added to the UK's Syrian sanctions list, which affects the Island.
Island company wants to import medical cannabis

An Island company has submitted an application to be able to import medical cannabis from around the world.
Money laundering risks in insurance sector haven't changed

The money laundering risk faced by the insurance sector has remained unchanged over five years, according to a new report.
Interceltic Business Forum to visit Island for first time

The Isle of Man will host a business conference for the Celtic nations for the first time next year.
Corporate tax return deadline nears

The deadline for corporate tax returns is approaching next month.