The Manx Government aims encourage the growth and diversification of the economy through the development of existing businesses and the pursuit of new opportunities.

 The Department of Trade and Industry has for many years operated a Financial Assistance Scheme aimed at encouraging diversification of the economy. This Scheme provides a range of grants and soft loan support to eligible businesses that can meet the commercial and environmental criteria laid down.

The Financial Assistance Scheme is seen as a key tool to encourage existing businesses to adopt new technologies and practices and for new businesses to develop on the Island. The opportunity exists not only to encourage new projects but also to develop projects in conjunction with private sector partnerships and contacts.

 The DTI's Financial Assistance Scheme can offer a generous package of support to qualifying businesses:

* Up to 40% equipment grants, to include all hardware and software;

* Up to 40% building grants either for new build or for rents payable;

* Up to 40% revenue grants encompassing expenditure including research and development, relocation, consultancy, marketing.

* The department has the ability to act as a guarantor of loans and leases in specific qualifying circumstances;

* The above incentives apply to existing and new ventures and can be applied for on an annual basis;

* The department's scheme can accommodate capital assets obtained on lease/hire purchase finance.