Local Economy
WORKING TOGETHER to create a Vibrant Community
The retail sector in the Isle of Man provides a shopping experience that caters to both the local population and visitors, with an excellent mix of well-known, multi-national high street brands and independent retailers.
With over 300 pubs, cafes, bars and restaurants the Isle of Man, has a vibrant hospitality sector catering to residents and tourists alike. The hospitality sector in the Isle of Man provides an excellent mix of independent, unique businesses along with well-known franchises, which together cater to both the local population and visitors.
Hospitality businesses in the Isle of Man can take advantage of access to a strong local supply chain of high quality produce from meat, fish and vegetables, to ales, wines and spirits.
Why the Isle of Man?
The Isle of Man boasts an extremely affluent ACORN (A Classification of Residential Neighbourhoods) profile with high spending power, that compares well to similar affluent UK cities. Average annual household income in the Isle of Man is 82% higher than the UK average. In addition to Executive Wealth groups, the Island’s capital- Douglas, has a high proportion of Career Climbers and City Sophisticate’s who have above average disposable incomes, further highlighting the high spending power the residents of the Island have.
Your Local Economy Contact
Matthew Gardner
Business Development Manager
+44 (0) 1624 685670
UPCOMING NEWS & EVENTS
Finalists of Innovation Challenge 2024 Revealed
16 April 2024
Manx produce showcased at IFE, London: the UK’s biggest Food & Drink Event
04 April 2024
Diane Kelsey MLC appointed as Member for Department for Enterprise
19 March 2024
ISLAND-WIDE CELEBRATION OF APPRENTICESHIP OPPORTUNITIES
15 February 2024
BUSINESS ISLE OF MAN APPOINTS FOUR NEW BOARD MEMBERS TO SUPPORT THE LOCAL ECONOMY
13 February 2024
MCLAREN INSPIRES STUDENTS AND VISITORS AT UCM
07 February 2024
FYNODEREE RNLI EDITION GIN SCOOPS SILVER MEDAL IN WORLD GIN AWARDS
24 January 2024
NEW MANX MENU CONTEST CALLS FOR THE PUBLIC TO VOTE FOR THE FINEST LOCAL DISHES
04 January 2024
TESCO CREATING MORE THAN 100 JOBS ON ISLE OF MAN
08 December 2023
JOIN THE BUSINESS AGENCY AS A NON-EXECUTIVE BOARD MEMBER
06 December 2023