Fund to rejuvenate derelict urban sites reopens

A grant scheme designed to breathe new life into derelict and unused urban sites around the Isle of Man by unlocking private investment has been reopened.

The Island Infrastructure Scheme invites firms to apply for support for projects that might not otherwise get off the ground.

It marks the third round of the scheme, which provides up to 25% of the eligible development costs of the project once complete.

A six-month window for applications will see the scheme remain open until the end of January 2027.

A large mixed-use development by Tevir Properties Limited featuring a Travelodge hotel, retail units, offices and a civic space on Villiers Square in Douglas.

The Dandara Group's 109-appartment complex between Lake Road and the River Douglas, comprises six blocks of one and two-bed flats, raised courtyards, ground floor parking and a cycle path.

Thirty-eight luxury apartments on the site of the former Ocean Castle Hotel, on Port Erin Promenade, by the Tevir Group.

Plans for the development of buildings on North Quay, including nine apartments, one townhouse and four commercial units.

Retail space along with 38 serviced apartments on Duke Street in Douglas.

The Department for Enterprise said the scheme had already seen multimillion-pound commitments by private developers into sites that would have otherwise remained dormant.

As the supported projected began to come to fruition, it demonstrated how targeted support is "unlocking private investment, stimulating activity across the construction sector and contributing to the regeneration of our towns", it added.

Plans for a major development on the former bus station site on Lord Street by Wyyttavin were also initially approved for funding from the scheme before the planning application was withdrawn and resubmitted following a family bereavement.

It was previously confirmed the partner developers, Lord Street Develop SPV Ltd – which resubmitted the plans - would need to reapply for support.

Revised plans for the site were approved in March.

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