Business Isle of Man, an Executive Agency of the Department for Enterprise has launched the Domestic Event Fund. Designed for local authorities and businesses in the towns and villages across the Island, the events fund will support up to a maximum of 80% of the total costs associated with the development of domestic focused events with the remaining % being sourced and confirmed by the event organiser prior to funding being agreed.
For many towns and villages across the Island, local events form a key part of their strategy to bring in visitors and increase spending in retail and hospitality businesses. Following the coronavirus pandemic and border closure many Isle of Man residents are choosing to make the most of staycation experiences and remain on island. This therefore provides an opportunity to encourage these individuals to explore the island, travelling to different towns and villages for special events and experiences, in turn increasing their domestic spending throughout the Island.
How much can I apply for?
Applicants need to submit a business case that provides a detailed plan of what activities the event would include, how the event would provide value to local businesses and support their COVID-19 recovery, along with the cost of putting on such an event. Applications will be reviewed on a case-by-case basis and limitations to funding are based on town population size and number of businesses that could benefit from such events.
How does the fund work?
Applicants interested in applying for the fund should complete the enquiry form at the bottom of this page. The event coordinator will then get in touch with you to discuss how the fund works and how you can apply.
Where the application is successful the applicant will be notified of the offer in writing by the Domestic Event Fund Coordinator and the terms and conditions that would apply upon acceptance. Standard terms and conditions are applied to each offer of financial assistance. These cover the implications of acceptance of assistance and set out the process for reporting information on the business that the Department will require as a condition of providing assistance.
The Department reserves the right to withdraw an offer of assistance at its discretion. Although unusual this circumstance could arise if an applicant fails to comply with terms and conditions or if the Department believes that any information submitted as part of the application is incorrect or untrue.
Where the application is refused, the applicant will be advised of the decision and the reasons for it.
What types of events are supported by the fund?
Events can range from local markets, festivals, shows/concerts; anything that will bring footfall to the area and increase local spend.
When is the deadline to apply for the fund?
Given the limits of the Fund, all applications must be received by 28 February 2021 and all events must take place no later than 31 March 2021.
If you are interested in applying to the fund please complete the enquiry form below. The event coordinator will then get in touch with you to discuss your event, how the fund works and how to complete your application.
Once you have been in contact with the event coordinator and you have discussed your event the full application form can be completed below. Please be aware the application form must be completed in one sitting and your details will not be saved if you leave the form.