The Department of Economic Development has rolled out the support through the Financial Assistance Scheme.
It's also offered support to 40 businesses in a bid to help them boost their ideas.
Simon Bottomley is the technical director of Nasaleze Limited - the business has received varying forms of support from the department.
He says it's been a great help:
What's stopping people buying homes?
A research survey is trying to find out about barriers to home ownership on the Island.
UK tax plans driving crypto investors to Island
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FBI agents to share their expertise on Island
FBI agents will be among the speakers at a financial crime conference on the Island next week.
Winona wins Most Enterprising Student for railway project
Winona Reese Dalugdugan has won 'Most Enterprising Student' at the 2025 Step Programme Finale.
Findings released from review into money-lending industry
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Regulator launches consultation into its strategy on competition
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What do you think of your bank?
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Government launches Business Consultancy Scheme
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