Developing New Activities & Attractions
A grant of up to 40% of the overall project cost of developing a new activity and attraction.
For more info, see Financial Assistance Scheme
Setting Up A New Event for Visitors
Financial assistance to event organisers, which also offers a guarantee against loss.
For more info, see Tourism Event Development Scheme (TEDs)
Domestic Event Fund
The Fund provides support for up to 80% of eligible costs to event organisers and local authorities looking to deliver exciting new events that will increase footfall and boost spending in the Island’s city, towns, and villages. This initiative aims to foster vibrant communities and support the retail, leisure, and hospitality sectors in line with the Local Economy Strategy.
For more info, see Domestic Event Fund
Local Economy Fund
The purpose of the Fund is to empower local authorities and other eligible organisations, via access to financial resources, to: -
- Improve, or assist in the improvement of, the quality, appearance or amenity of that area; or
- Increase, the footfall or reduce the number of unoccupied premises in that area.
The Fund can provide up to 100% financial assistance to support initiatives or activities that meet the Scheme’s criteria. Applications can be submitted as Standard or Major applications, the details of which are provided below: -
Standard Applications:
- Applicants will be eligible to apply for funding of up to £100,000 per year per initiative, activity or resource.
- Standard Applications may relate to funding for up to three years at a rate of £33,333 per year. Major Applications are required for multi-year projects in excess of £100,000.
Major Applications:
- Applicants will be eligible to apply for funding for schemes in excess of £100,000 per year per initiative, activity or resource.
- All Major Applications will necessitate a more comprehensive approval process and will require the completion of an extensive business case.
- There is no standardised decision period for Major Applications.
For more info, see Local Economy Fund
If you would like more information on the above schemes and to find out if you’re eligible to apply, please call the Enterprise Support Team on 01624 687333 to discuss your options or complete this contact form to hear back.
*Terms and Conditions apply across all schemes
