Government says it paid out £5.77 million in grant assistance last year - slightly more than the previous year.
A report due to be considered by Tynwald when it sits this month shows 34 companies were given money, compared to 36 the previous year.
The vast majority of the cash was used for equipment and machinery and most companies helped were in manufacturing, IT or financial services.
The report says its help meant businesses invested £8.57 million in the local economy last year.
Chief minister to face questions over Manx Telecom sale
Has the Manx government looked into the sale of one of the Island's biggest telecom companies?
Pub quiz and sauna among Locate Isle of Man events for new arrivals
Locate Isle of Man has launched a series of events to help people settle in after relocating to the Island.
Nominations open for women in business awards
Entries have officially opened for awards celebrating women in business.
Apartment plans for historic bank building
Fancy living in a historic former bank building in Douglas?
Post Office looking for partners in Foxdale, Jurby and Onchan
Do you have a business which could house a post office?
Two Douglas developments offered support from government fund
Proposals to redevelop two stagnant city centre sites have been offered funding from a government infrastructure scheme.
Floating wind turbines could be added to Island's ship registry
New rules being discussed by Tynwald next month could see floating wind turbines added to the Island's ship registry in future.
Survey wants your views on Island's town centres
What do you think of the Island's town and city centres?
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