BUSINESS ISLE OF MAN

Business Isle of Man supports the more traditional and specialist niche sectors.

The Island’s business sectors are split between export-based and domestic-focussed businesses. Those sectors involved with the export of physical goods and related services from the Isle of Man, include engineering and manufacturing, biomed, food and drink and clean tech.

Business Isle of Man also supports sectors within the Island’s domestic economy, including construction, retail, logistics, medical and healthcare, and private education.

Business Isle of Man was created to support the Island’s exporting and domestic business clusters, coordinating the promotion and development of opportunities within these sectors in order to ensure the Isle of Man is a prosperous and vibrant place to live and work.

As an Executive Agency within the Department for Enterprise, Business Isle of Man is a public/private partnership acting as a key decision maker and advisory body to help drive economic growth within those sectors under its responsibility.

Welcome from Business Isle of Man Chair - Stephen Bradley

The Isle of Man Business Agency has been in existence for over a year  – in that time, we have been busy getting to grips with the wide range of activity covered by the Agency. In this Business Plan, we set out the context and opportunities for the Agency’s sectors, and identify six key priorities:

  • Develop an economic framework for a medicinal cannabis industry in the Island, and support with the creation of a regulatory framework to make it a reality;
  • Improve the retail proposition across the Island’s towns, with a focus on the regeneration of Douglas;
  • Develop and co-fund the Construction Isle of Man industry body to support and grow the sector;
  • Support the creation of a dedicated land and property development agency;
  • Encourage and support the Island’s Engineering & Manufacturing, growing jobs in the sector and accelerating the growth of the industry leaders of tomorrow; and
  • Nurture the growth of the Island’s Cleantech and energy industry;

Using our public-private expertise, we will action these priorities to put the Island at the forefront of innovation in exporting, while making it a fantastic place to live and work for its residents.

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Business Isle of Man is responsible for securing the Isle of Man's status as an internationally respected economic hub for the export of high value added products and related services.

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