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ISLE OF MAN NEWS<br />

Isle of Man<br />

forging closer<br />

ties with the<br />

North<br />

The success of the Isle of Man<br />

Aerospace Cluster in working with<br />

the North West Aerospace Alliance<br />

has helped to encourage further<br />

engagement between the Isle of Man<br />

and the North of England.<br />

Northern England has always been<br />

important to the economic wellbeing<br />

of the Isle of Man, in addition to<br />

our geographical and historical<br />

connections and the Isle of Man also<br />

contributes tens of millions of pounds<br />

to the economy of the North in a<br />

variety of ways.<br />

We have key transport links to the<br />

North West with the vast majority<br />

of our residents travelling to the UK<br />

arriving at either Liverpool or Heysham<br />

if travelling by sea, or at Liverpool<br />

or Manchester if travelling by air.<br />

Although some travel onwards to other<br />

destinations, many stay to enjoy the<br />

region in a number of ways – to have<br />

a weekend break, take in a show or<br />

watch a football match for example.<br />

This year the Isle of Man’s Government<br />

is striving to develop ever closer<br />

ties and was well represented at the<br />

Northern Powerhouse conference in<br />

February.<br />

Minister for Economic Development<br />

Laurence Skelly attended the Leaders’<br />

Dinner and Department of Economic<br />

Development CEO, Chris Corlett took<br />

part in a panel event at the Conference<br />

outlining how the Isle of Man can be<br />

an effective partner to the region in<br />

helping attract new Foreign Direct<br />

Investment.<br />

This year the Isle of Man will be<br />

very visible across the region but<br />

especially in the North West. It will<br />

be represented at the International<br />

Festival of Business in Liverpool<br />

throughout June and July following<br />

the success that it encountered at the<br />

last event in 2014.<br />

There are also a wide number of<br />

smaller events, hosted by the Isle of<br />

Man Government, that are planned<br />

for 2016. One of the <strong>talk</strong>ing points<br />

at these events is bound to be the<br />

new Enterprise Development Scheme<br />

(EDS). A total of £50 million will<br />

be available over a 5 year period<br />

to invest in businesses that seek<br />

to create jobs on the Island, with<br />

funding including grants, loans and<br />

equity.<br />

Together with the Isle of Man<br />

Aerospace Cluster’s presence at<br />

the Farnborough Airshow 2016 as<br />

part of the NWAA’s stand, 2016 is<br />

looking like a good year to engage<br />

with the Isle of Man!<br />

Image courtesy of Isle of Man Aerospace Cluster<br />

@NWAerospace<br />

<strong>plane</strong> <strong>talk</strong> spring 2016<br />

15

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