The Department for Enterprise is responsible for economic development and the creation of an environment where local entrepreneurship is supported and thriving and more new businesses are choosing to call the Isle of Man home.
This ambition is directly aligned to the Government's vision of creating a secure, vibrant and sustainable future for our Island nation. As part of the Island Plan, the Department for Enterprise is delivering key initiatives to help build a strong and diverse economy, underpinned by a robust economic strategy and clear achievable outcomes.
The Department for Enterprise's draft 'Department Plan', which will be laid before Tynwald in May 2022, highlights the work and priorities identified, and the journey towards delivering these outcomes. View a copy of the draft Department Plan.
The Department's mission is aligned with these outcomes and objectives: to create an environment, through innovation and collaboration, where the economy thrives.
To deliver this mission the Department is responsible for four Executive Agencies made up of a private/public sector partnership to promote and develop their sectors and deliver long term, sustainable economic growth for the Isle of Man:
The Executive Agencies sit alongside the Department's central functions of strategy and policy development, business intelligence and marketing, enterprise support, legislation, and the locate team. Collectively, the functions work hand in hand with the private sector, growing real businesses, generating real jobs and real opportunities for the Island.
Alongside the Executive Agencies and support functions, the Department is the lead agency for the promotion, organisation and delivery of the TT and Festival of Motorcycling – check out the TT Races Official youtube channel.
The Department is also responsible for three distinct registry functions: