Starting your own business is an exciting but overwhelming time for an entrepreneur, so we have put together some helpful information to guide prospective start-ups on the Isle of Man.
CACI Demographic Report (March 2021)
Business Isle of Man has recently commissioned internationally-renowned consultants CACI to produce a socio-demographic prospectus for the Isle of Man. This prospectus provides new insight and context to the Isle of Man’s population and spending profile, which will be of interest to investors, retailers, and property developers.
CACI uses ACORN (A Classification of Residential Neighbourhoods) a powerful targeting model which combines geography with demographics such as age and lifestyle information in order to help with analysis of the different types of people and areas within a country.
Among other datasets, the report provides information on the social and demographic makeup of the Isle of Man’s population, using data collected through the five-yearly Census and surveys on spending habits.
Click below to download the CACI report.
PwC Domestic Economy Report: Hospitality
Business Isle of Man commissioned a report from PwC in April 2021, to provide a review of the Domestic Economy, starting with the first phase, Hospitality. The purpose of this report was to understand the impact that the COVID-19 pandemic has had on the mid-term viability of customer facing businesses.
Socio-Demographic data provides information on the social and demographic makeup of the Isle of Man’s population. This data is collected through the five-yearly Census and through surveys of spending habits. Both of these surveys are carried out by the Economic Affairs Division of the Isle of Man Government’s Cabinet Office. For further information on how this data is collected please go to: https://www.gov.im/about-the-government/departments/cabinet-office/economic-affairs-division/
Demographic data is collected through a variety of means, including through the Census. Key datasets are provided in .xlsx format in the file below. Should you require a different format, please contact us.