The Department for Enterprise (DfE) has published its Department Plan for 2024-2025, which sets out how it aims to support the ongoing delivery of the objectives of both the Island Plan and Economic Strategy.
Following the approval of the 2024-2025 Island Plan Update in March, this year’s Department Plan aims to ensure focused delivery of key economic initiatives aligned to the refined strategic priorities set for the next 12 months.
Commitments include the development of a national Air Services Policy, Artificial Intelligence and Sustainable Finance propositions, finalisation of the Local Economy Strategy and progressing the Destination First project.
Department Plan
Alongside this, the Department will be progressing further amendments to Employment Legislation, furthering support for brownfield regeneration and looking how best to achieve climate change and ESG commitments internally and for businesses.
It also emphasises a focus on continued delivery of the long-term Economic Strategy and increasing the number of employment opportunities available in the Island.
Aligned to the Executive Agency Annual Programmes, published in January 2024, the headline target is to support 800 new jobs to be created and filled across the economy over the course of the year, supported by the work of Locate Isle of Man and Enterprise Support.
The Department Plan will be laid before Tynwald in May 2024, and a copy of the document can be accessed here.
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