01624 666 777

The Department of Economic Development

The Department of Economic Development’s innovative 0% green business loan scheme for Isle of Man businesses provides flexible financing options to companies seeking to increase efficiency and lower energy bills.

Stroma NX will advise clients on eligibility for the scheme and how best to access loans of up to 100% towards the cost of projects from £1,000 up to a maximum level of assistance of £20,000.

The installation of new, more efficient equipment should lower energy bills and as payments are calculated to be made from anticipated energy savings, the financing option is designed to pay for itself.

The scheme is particularly interesting as loan repayments are calculated on the basis of anticipated energy savings from the installation of new, more efficient equipment. Therefore, this finance option is designed to entirely pay for itself.