Tag: Department of Economic Development

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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Isle of Man Companies Shortlisted for top e-Gaming Industry Awards

| April 29, 2016 | 0 Comments

A large number of Isle of Man e-Gaming companies have been shortlisted for the prestigious 2016 B2B Awards by eGaming Review Magazine (EGR). The annual EGR B2B Awards, now in their seventh year, celebrate excellence in a range of e-Gaming disciplines, including payments, software and IT. Alfred Cannan MHK, the Department Member with responsibility for […]

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Isle of Man Aircraft Registry Secures Ongoing Technical Support

| April 21, 2016 | 0 Comments

The Isle of Man Aircraft Registry has awarded a 10 year contract to aviation safety consultancy company Baines Simmons to provide ongoing aviation support services. The contract secures additional technical expertise to supplement the Isle of Man team and ensure the continuity of the high service and regulatory standards customers of the Registry have come […]

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Islexpo Announced for May 2016

| March 18, 2016 | 0 Comments

On Wednesday 25th May the Department of Economic Development will be hosting the inaugural Islexpo conference to support innovation and entrepreneurialism on the Isle of Man. The one-day conference will take place at the Villa Marina and will be preceded by a corporate Gala Dinner on Tuesday 24th May. The conference is free to attend […]

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Enterprise Development Scheme Manager Appointed

| March 18, 2016 | 0 Comments

The Manager of the £50million Enterprise Development Scheme (EDS) has been appointed by the Department of Economic Development. SPARK Impact has been selected, subject to the necessary regulatory and contractual confirmation, to run the Accelerator and Relocator elements of the £50million Enterprise Development Scheme approved by Tynwald in October 2015. The EDS will provide grant, […]

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Work permit exemption sought for ICT and e-Business staff

| February 26, 2016 | 0 Comments

The Department of Economic Development is to seek the approval of Tynwald to exempt certain workers employed in Information and Communications Technology (ICT) and e-Business roles from the requirement for work permits. E-Business, which includes e-Gaming, is the Isle of Man’s fastest growing sector and it is estimated that an additional 100 skilled workers will […]

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Isle of Man Ship Registry’s Online System Hailed a Great Success

| February 26, 2016 | 0 Comments

The implementation of a new system by the Isle of Man Ship Registry for processing online applications for Standards of Training, Certification and Watchkeeping for Seafarers (STCW) endorsements has been hailed a great success by its clients. The Ship Registry, supported by Government Technology Services (GTS), has launched the application service as part of Government’s […]

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Work permit exemption approved for ICT and e-Business staff

| February 26, 2016 | 0 Comments

Tynwald has approved the Department of Economic Development’s proposal to exempt certain workers employed in Information and Communications Technology (ICT) and e-Business roles from the requirement for work permits. The changes will come into operation on Tuesday 1st March. E-Business, which includes e-Gaming, is the Isle of Man’s fastest growing sector and it is estimated […]

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Plans for tourism mapped out at industry event

| February 26, 2016 | 0 Comments

The new strategy to promote the Isle of Man as a visitor destination has been launched at a special event for the Island’s tourism industry on the back of a rising trend in leisure visitors with a recorded 6.5% increase in 2015, the seventh consecutive annual increase. 130 representatives of the Isle of Man’s tourism […]

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