Loan and Equity

The Enterprise Development Scheme incorporates, through the ‘Accelerator’ and ‘Relocator’ schemes, loan or equity based support to businesses. 

Full guidelines to the scheme are also available. 

Accelerator scheme – Loan & Equity 

Loan - support to on-Island businesses entering the next growth phase in order to aid their expansion. 

The scheme is available to existing locally based businesses in export driven economic sectors ideally with 5+ employees.

Support to be given:

• Financial: loan on commercial terms.
• Term: 1 to 5 years.
• Amount: typically up to £100,000 (staged payments).
• Purpose: loan to support capital, plant, equipment, premises or other tangible assets. 

Equity - the investment will typically be up to £250,000 although more may be considered in exceptional circumstances. 

Support to be given:

• Financial: equity investment as minority shareholder.
• Term: anticipated 3 to 5 years but could be longer to achieve expected value. Business Plan should include an investment exit strategy.
• Amount: up to £250,000 on a case by case basis.
• Purpose: investment support into niche and/or export driven sectors which support the Government’s development ambitions such as E-Business, Financial Services, Manufacturing, Bio-Medical and other emerging sectors will be considered. 

Relocator scheme 

This will encourage industry leaders and entrepreneurs to scale up on Island businesses, establish new, or relocate existing businesses to the Isle of Man. These businesses will typically be entering the 'commercialisation phase' of their growth cycle. 

The scheme has been designed to offer equity or similar funding for investment to help enable this expansion. 

Support to be given:

• Financial: Loan, equity or similar investment, as minority shareholder, of typically up to £1million. Please note: Government would not look to become the major shareholder.
• Term: anticipated 5 years at the discretion of the Scheme Manager. Any Business Plan submitted should include an investment exit strategy.
• Amount: Up to £1million on a case by case basis.