The Financial Assistance Scheme. This includes the following measures for employers, self-employed and employees: Employers. The principal purpose of providing financial assistance under the VTAS is to develop the skills of the Island's workforce in order to stimulate wider economic benefits (revenues, jobs, profits, expenditure in the local economy) and associated fiscal benefits (direct and indirect taxes) which are far in excess of the cost of the support provided. E-business has found a home in the Isle of Man with many companies becoming significant on-island employers. The Isle of Man Government Department of Economic Development offers a Financial Assistance Scheme (FAS). We would encourage you to study the schemes and the criteria attached to each to understand the full level of support available to you. The Isle of Man Government has released a number of support schemes to help businesses which have been affected by the COVID-19 pandemic. The Department for Enterprise promotes a range of schemes; from training and mentoring schemes to grant, loan and equity investment, there are a number of opportunities for creating and developing a business in the Isle of Man. Consultation on Amendment to the Insurance (Conduct of Business)(Long-Term Business) Code 2018. Financial Assistance Scheme The scheme is discretionary and can offer a generous package of support to qualifying businesses, this includes grants of up to 40% towards a range of capital and operating items including building expenditure, plant and machinery, marketing, first year expenses, rent, training, energy and waste efficiency. The Isle of Man Government set up a scheme in April to help protect fishing vessel owners and seafood businesses which lost trade due to the COVID-19 health emergency which has been impacting the island’s community … FINANCIAL ASSISTANCE FOR ISO50001 SYSTEMS* The Isle of Man Government Business Support Scheme offers Isle of Man based businesses a grant of 50% towards the cost of ISO projects up to a maximum level of assistance of £4500 per project. We would encourage you to study the schemes and the criteria attached to each to understand the full level of support available to you. FIND OUT MORE The Government will provide financial assistance to local hospitality employers to attract islanders currently working in or studying hospitality in the UK to return to the island. The Department for Enterprise has announced the addition of a new Accessibility Grant to its Financial Assistance Scheme. E-business has found a home in the Isle of Man with many companies becoming significant on-island employers. This is to ensure the Island retains its strategic tourist accommodation capacity during the COVID-19 crisis. The Isle of Man Government will make a contribution of up to two-hundred and fifty pounds per week, per person towards the cost of officially registered permanent Tourist accommodation. The Isle of Man Government's Coronavirus Business Support Scheme has been established to provide grant assistance to support local businesses in designated sectors that have been financially affected by the global COVID-19 pandemic. Business Support and assistance The Isle of Man offers a supportive ecosystem for people looking to start, grow or relocate their business. 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