Business Start-Up Scheme

About this scheme

Supports new start-ups or businesses that have been trading for less than 18 months. Includes a reimbursement grant and/or living allowance of £100/week for 26 weeks, with an enhanced package of up to £15,000 available for key sectors and exporters. Comes with 16 hours of free training and 18 months of mentoring.

Eligibility

IoM resident for tax; aged 16+; 50%+ ownership; trading less than 18 months; turnover between £25,500–£100,000.

Maximum annual turnover: £100,000.

Suitable for

What you can use it for

How to apply

Apply online at dfeapplications.im — includes training and action plan meetings