Isle Of Man £50 Million Enterprise Development Fund announced

Thursday July 30,2015 : ISLE OF MAN TO ASSIST NEW CORPORATE ARRIVALS

£50 Million Enterprise Development Fund announced.

The Isle of Man, already home to a flourishing online gambling industry, could well see more companies relocating or starting up on the island following news of a new government initiative to attract corporates.

Chief Minister Allan Bell this week announced the creation of a new Enterprise Development Fund to support local businesses and encourage new companies to relocate to the Isle of Man.

The £50 million fund, which will eventually be self-sustaining, will provide grant, loan and equity investment to new Isle of Man start-ups, existing expanding Isle of Man businesses and businesses wishing to relocate to the Island.

There are three core support types proposed in the new scheme:

• Fledgling: For start-ups on-Island (typically with 1-10 employees)

• Accelerator: For Small to Medium Enterprises (typically with 5-20+ employees) entering the next growth phase.

• Relocator: For relocating medium to large firms to the Island.

John Garland, Head of Corporate Financial Services, said Thursday:

"This new fund is just one of a range of measures under the Enterprise Isle project (a key initiative under Vision 2020) which will empower us to find those new start-ups and on-Island businesses ready to accelerate to the next level and give us more 'tools for our tool box' to attract new job-creating businesses to establish on our shores."

An Expression of Interest has also been published by Treasury seeking the appointment by competitive tender of private investment managers for the management and investment of the fund, in particular the 'Accelerator' and 'Relocators.'

More detail here: http://www.whereyoucan.com/News-Article/Consultation-launched-for-proposed-Enterprise-Development-Fund.aspx?utm_source=NewZapp&utm_medium=email&utm_campaign=eNews_WYCJune2015

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.