Small Business Support

Business Isle of Man provides direct support to Small Businesses through a designated contact, Thomas Richardson-Hall.

This assistance can be sought for various reasons, including but not limited to:

  • Feedback on the Current trading Conditions.
  • Discussion of potential expansion, modification or alteration of their business plans.
  • Concerns around Economic headwinds.
  • Detailed information on the Enterprise Support schemes that they may be able to take advantage of.

You'll soon find him regularly visiting the Island's Town Centres, engaging with local businesses daily. To schedule a meeting, please reach out via the Business Isle of Man site: Small Business Support.

With regards to the Enterprise Support schemes the most appropriate ones for Small Businesses at this time are:

  • Micro Business Grant Scheme – Grant support, tutoring & mentoring for new start or young businesses (18months or younger)
  • Business Improvement Scheme’s Advisory Service – Independent and free, professional business advice from certified experts.
  • Business Energy Saving Scheme – Interest free loan towards measures that will save on Business energy costs including lighting, heating & insulation.

Thomas is available for meetings to help you with any support you may require.

    

KEY HIGHLIGHTS

Flexible Licensing Regime
Help & Advice
Workforce
Competitive Government Grants for Start-Ups
agreement
Social Engagements

What grants support is available for my start-up business?

Micro Business scheme is a training and mentoring programme that covers all aspects of your business. Working with experts who have assisted the establishment and the growth of many businesses on the Island, will guide you through every step of the way and equip you with the most relevant knowledge to succeed in your business in a long term.

Why I need a mentor/advisor?

Mentor or and advisor for small businesses can only mean one thing – growth, growth and more growth! The potential of having a third person, an expert in your business to reflect on your business strategy and help you with any concerns that you might have can be a big opportunity. We understand that most of the business owners have spread thinly across the day-to-day operation of their business and barely have time to reflect on how things can be improved or done better. Our free of charge support mentorship programme can link you with a leading industry advisor for 18 months and give an independent, fully discretional business advice with an initial chat for up to 2 hours.

Is there any additional recruitment platforms that I might not be aware of?

Talent Portal was established during Covid to support local businesses in their search for recruiting new people outside the Island. The platform is very easy to use and to navigate around. There are currently circa 4,000 employees who are waiting for their potential future employer and relocation.

 

  • The Locate Talent Portal is an online networking site which can help you connect with employees outside Isle of Man  who have the relevant skills.
  • It helps people looking to relocate to the Isle of Man and find employment opportunities as easily as possible.
  • There are over 4000 candidates currently registered.

 

 

  • Employee Relocation Incentive - receive up to 20% of your employee's first year's salary costs.
  • National Insurance Holiday Scheme– receive a lump sum refund from the Income Tax division, capped at £4,000 per person

What about marketing tips?

Marketing can be a very broad subject and not many of us understand the full potential of having a good marketing strategy. During our workshops we were very fortunate to have as hosts some of the best marketing consultants on the Island and hear first-hand tips on how businesses can boost their social media presence and improve their overall online strategies. Here are some marketing webinars which were recorded during lockdown however there are plenty of good strategies and advice to pick from.

 

  • Small Business Workshop webinars:

 

  


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Thomas Richardson-Hall

Send us an email to set-up an initial 45 minute chat with Thomas. Please include a suitable contact number if you prefer a phone call.

 

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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