The Isle of Man Government has announced the proposed creation of a £50million Enterprise Development Fund (EDF) to support local businesses and encourage new companies to relocate to the Island.
The £50million fund, which will eventually be self-sustaining, will provide grant, loan and equity investment to new Isle of Man start-ups, existing expanding Isle of Man businesses and businesses wishing to relocate to the Island.
There are three core support types proposed in the new scheme: Fledgling: For start-ups on-Island (typically with 1-10 employees)…
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