FINANCIAL assistance for marketing totalling more than £1.45 million has been offered to local businesses by the Isle of Man government during the past 18 months.
Tynwald has been told in a written answer to a question from Kate Beecroft (LVP South Douglas) that £979,724 has been offered to a total of 32 companies and that a sum of £473,844 was paid out to 34 companies.
Companies in receipt of an offer of marketing assistance 2010/11 are listed below. (entries identified with an asterisk are first time applicants). Some companies are named more than once because the sums relate to two different financial periods.
*5050 Gaming Corporation (EDF); Bladon Jets Ltd; *Brackley Aviation Ltd; *Creechurch Capital Limited (FSIIS); CVI Technical Optics Ltd; *D.I.I. Ltd; *Eat It Now Group Ltd; *Global Network Solutions Ltd (EDF); *Green Mann Bedding Ltd; Greenlight Television Ltd; *Impackt Ltd; Matrix Engineering Ltd; *Message Makers Ltd; Nasaleze International Ltd; Paddy’s Market Ltd; Progress Shaving Brush (Vulfix) Ltd; *Rivington Street Holdings Ltd; *Rivington Street Sales & Conferences Ltd; SEQ Ltd; SLS Optics Ltd; *Sulby Associates Ltd; *T1PS Investment Management (IOM) Limited (FSIIS); *Vont Ltd; *Cardano Ltd; Central Services Ltd; Expressbookers Ltd; IOM Creamery Ltd; Laserflex Ltd; Manx Engineers Ltd; *Marketstheworld Ltd; MP Publishing Ltd; *Rafferty Elan Consulting Limited/a Yum Yum Chilli Company; *Rivington Street Stockbrokers Limited (FSIIS).
Companies which have received payments in relation to an approved offer of marketing assistance are listed below.
*Berrie K (Mr) t/a Cocoa Red; Bodystat Ltd; *Cabcard Services Ltd; *City Sameday Courier Ltd; Duke Marketing Ltd; DLP Ltd; *Eat It Now Group Ltd; Equistat Ltd; *Erskine Corporation Ltd; *Euphoria Ltd (EDF); *Expressbookers Ltd; Fromanteel Ltd; *Green Mann Bedding Ltd; *Impackt Ltd;
*Mac Financial Ltd (EDF); Manx Engineers Ltd; *Matrix Engineering Ltd; *Message Makers Ltd; Nasaleze International Ltd; Okell & Son Ltd; Paddy’s Market Ltd; PDMS Ltd; Riva Financial Consultants Ltd; Roger W Smith Ltd; SEQ Ltd; Seven Palms Ltd; SLS Optics Ltd; Solarscope Ltd; Sub Aquatic Technical Services Ltd; *Sulby Associates Ltd; Swagelok Ltd; *T1PS Investment Management (IOM) Limited (FSIIS); Tritec Ltd; *Valorem Management Limited (FSIIS); *Vont Ltd; Bodystat Ltd; *Creechurch Capital Limited (FSIIS); CVI Technical Optics Ltd; Fromanteel Ltd; Global Network solutions Limited (EDF); Greenlight Television Ltd; *Impackt Ltd; *Matrix Engineering Ltd; MP Publishing Ltd; Nasaleze International Ltd; Riva Financial Consulting Services Ltd; *Rivington Street Stockbrokers Limited (FSIIS); SLS Optics Ltd; *Sulby Associates Ltd; Swagelok Ltd.
Economic Development Minister John Shimmin said, “Since the formation of the Department of Economic Development in April 2010 efforts have been focused on working much closer with the private sector in key sectors and in better defining those target countries.
“A country strategy has been developed and individual strategies put in place across the sectors to target niche opportunities identified.
“It is the Department’s intention to use the Financial Assistance Scheme to encourage private sector professionals to market the Isle of Man in the target areas.
“In addition to that scheme, the Department has been able to assist a number of other trade associations to market the Isle of Man’s proposition for the benefits of all their members.
“Many of these initiatives are supported by private sector firms at their own cost as the responsibility to sustain employment and economic growth on the Island intensifies.”
