Tag: Department of Economic Development

Consultation on Proposals for Economic Growth

| August 17, 2016 | 0 Comments

The Department of Economic Development has issued a consultation paper on a range of proposals to grow the Island’s workforce. The ‘Proposals to Accelerate Economic Growth’ consultation is open until Friday 30th September and offers people the chance to submit their views and suggestions on the Department’s plans for economic growth. Laurence Skelly MHK, Minister […]

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Consultation on ‘Code of Conduct’ for Isle of Man Insurance Companies

| August 17, 2016 | 0 Comments

The Isle of Man may be the first Crown Dependency to introduce a ‘Code of Conduct’ for Insurance providers on the Island. The consultation, issued by the Isle of Man Financial Services Authority (IOMFSA), sets out a number of proposals for developing the Island’s existing regulatory framework in order to enhance the fair treatment of […]

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Financial Assistance now available for Customer Service Excellence Accreditation

| August 17, 2016 | 0 Comments

The Department of Economic Development has increased the suite of ongoing business support by providing assistance with a Customer Service Excellence accreditation for local companies. The accreditation is a new addition to the Department’s successful Business Support Scheme (BSS). The BSS provides funding (of up to 50%) of development projects designed to improve local companies. […]

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Isle of Man signs Memorandum of Understanding with Zhongguancun Boya Multimedia Creative and Innovation Park on Economic Cooperation

Isle of Man signs Memorandum of Understanding with Zhongguancun Boya Multimedia Creative and Innovation Park on Economic Cooperation

| July 12, 2016 | 0 Comments

The Department of Economic Development has today signed a Memorandum of Understanding (MOU) with the Zhongguancun Boya Multimedia Creative and Innovation Park (ZBMCIP).   In 1988 ZBMCIP became the first state-level high-tech industrial development zone authorised by the Chinese State Council. Today ZBMCIP occupies 95 hectares and, along with neighbouring sister parks, is known as the […]

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A Nation of Innovation

| June 27, 2016 | 0 Comments

The Minister for Economic Development, Laurence Skelly MHK, has reinforced his commitment to driving business growth and innovation. He said: ‘As a nation we have been encouraging innovation across our industries for a good number of years. We have worked very closely with the private sector to assess what they need to grow and develop […]

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Isle of Man Success at top e-Gaming Industry Awards

| June 20, 2016 | 0 Comments

A number of Isle of Man e-Gaming companies were winners at the prestigious 2016 B2B Awards and Marketing and Innovation Awards by eGaming Review Magazine (EGR) this week (1st June). The Isle of Man winners included Playtech, Microgaming, Continent 8 Technologies, PokerStars, BetStars and KPMG Isle of Man. Alfred Cannan MHK, the Department Member with […]

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Final preparations underway for IFB2016

| June 20, 2016 | 0 Comments

The Department of Economic Development will be joining a number of local and international companies at the International Festival of Business (IFB) in Liverpool this month. IFB 2016 is being held over three weeks from June 13th – July 1st. The Department is hosting four events during the month across the Clean Tech, Maritime, Financial […]

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Grants helping more people start their own business

| June 2, 2016 | 0 Comments

The Department of Economic Development has seen great success in supporting local people start their own business with the latest figures showing an increase in applications for start-up grants.   As a direct result of the Micro Business Grant Scheme, created specifically to support local start-ups, 66 contracts have been signed since April 2015 with […]

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New Crowdfunding Regime for the Isle of Man

| May 23, 2016 | 0 Comments

The Department of Economic Development has worked closely with the Isle of Man Financial Services Authority (FSA) and industry to develop a suitable regulatory environment for both Investment and Debt Crowdfunding platforms. The new legislation will provide the regulatory framework to allow crowdfunding platforms to establish their businesses on the Isle of Man. Platforms already […]

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Nominations Invited for Energy Awards 2016

| May 16, 2016 | 0 Comments

The Department of Economic Development has recently launched the 2016 Energy Awards and is now encouraging local organisations to submit entries. This year awards are offered for Best Innovation, Best Practice and Biggest Savings with public sector and private sector organisations each having their own category in respect of these. Previous recipients of awards range […]

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