Vocational Training Assistance Scheme
The Vocational Training Assistance Scheme ('VTAS') is a discretionary scheme operated by the Department of Economic Development which can provide financial assistance to both businesses and individuals wishing to undertake vocational training.
In line with the Department’s aim of raising the skills of the Island’s workforce and this scheme provides financial support for a range of courses and initiatives which will likely have a positive impact on the productivity of individuals and competiveness of Manx businesses.
The principal purpose of providing financial assistance under the VTAS is to develop the skills of the Island's workforce in order to stimulate wider economic benefits (revenues, jobs, profits, expenditure in the local economy) and associated fiscal benefits (direct and indirect taxes) which are far in excess of the cost of the support provided.
All applications are considered on their individual merits, however, in broad terms the department considers the how the proposed training activity will:
- improve an individual's likelihood of gaining employment
- improve an individual's skills and effectiveness within the workplace
- benefit the employer through increased productivity
- benefit the employer by expanding the range of products and services offered
- benefit the employer by increasing revenue to the company
- provide skills for new and emerging sectors
All applications should be submitted in advance of the planned training activity and retrospective applications will not be considered. We aim to process application within 10 days and applicants will be notified of the department decision in writing.
The assistance is claimed once all training is completed by submitting evidence of payment and completion or certification.
If you have any further enquiries and would like more information, please click on the following button:
Department of Economic Development
Employment and Skills Group
31 Prospect Hill
Isle of Man
+44 1624 687152