Finance Isle of Man event sponsorship costs 2021

Summary

The request sought detailed cost breakdowns for Finance Isle of Man sponsored events in 2021, including sponsorship fees, travel, and accommodation. The Department for Enterprise disclosed that 11 events were sponsored with a total of £87,100 in fees and £24,497.97 in travel costs, providing specific details for several events.

Key Facts

• Finance Isle of Man sponsored 11 events in 2021.
• Total sponsorship fees paid were £87,100.00.
• Total travel and ancillary costs amounted to £24,497.97.
• Several events were virtual or rescheduled due to the COVID-19 pandemic.
• Specific associated costs were detailed for the London and Zurich Private Client Dining events.

Data Disclosed

• 11 events
• £87,100.00
• £24,497.97
• 20th – 21st APRIL 2021
• 20th MAY 2021
• 1ST SEPTEMBER 2021
• £8729.59
• 5TH OCTOBER 2021
• £2172.92
• 7th OCTOBER 2021
• 11TH OCTOBER 2021
• 14TH OCTOBER 2021
• 156 GUESTS
• 89 GUESTS
• 112 GUESTS

Original Request

I request the cost for each Finance Isle of Man sponsored event in 2021. Please include the cost of sponsorship, delegate travelling costs and expenses, accomodation and promotional gifts and advertising.

Data Tables (2)

Full Response Text

5th May 2022 You have been assigned a freedom of information request to action. The request is:
" I request the cost for each Finance Isle of Man sponsored event in 2021.
Please include the cost of sponsorship, delegate travelling costs and expenses, accommodation and promotional
gifts and advertising. "

Background Finance Isle of Man is an Executive Agency of the Department for Enterprise, acting as a key decision-making and advisory body supporting the Government’s ambition for long-term economic prosperity for the sector. The purpose of the agency is to promote and develop the Isle of Man’s significant financial and professional services industry and ensure its recognition as an international business centre of excellence, in turn delivering long-term sustainable economic growth to the Isle of Man. Finance Isle of Man works extremely closely with industry to target and attend events that industry think should be attended.

Summary 11 events sponsored by Finance Isle of Man in 2021 £87,100.00 Total Sponsorship Fees paid £24,497.97 Travel/Ancillary Costs

EVENT 1 STEP AFRICA (VIRTUAL EVENT)

20th – 21st APRIL 2021

ENGAGEMENT TOOK PLACE WITH INDUSTRY WHO GAVE OVERWHELMING SUPPORT FOR THE AGENCY TO RAISE THE PROFILE OF THE ISLE OF MAN IN THIS KEY JURISDICTION. A SUCCESFUL SOCIAL MEDIA CAMPAIGN WAS ALSO UNDERTAKEN AS PART OF THIS. THE ISLE OF MAN HAS LONGSTANDING LINKS WITH SOUTH AFRICA THROUGH FINANCIAL AND PROFESSIONAL SERVICES. SOUTH AFRICA IS SEEN AS AN IMPORTANT TARGET JURISDICTION. THIS EVENT WAS ORIGINALLY SCHEDULED TO TAKE PLACE IN APRIL 2020 BUT DUE TO THE CONTINUED COVID PANDEMIC WAS SWITCHED TO AN ON LINE EVENT IN APRIL 2021.
SPONSORSHIP.

COST OF SPONSORSHIP – SEE BELOW. EVENT 2 INTERNATIONAL INVESTMENT II UK SPOTLIGHT EVENT (VIRTUAL EVENT)

20th MAY 2021

INTERNATIONAL INVESTMENT II IS A MAJOR INTERNATIONAL PUBLICATION FOR THE LIFE AND WEALTH MANAGEMENT INDUSTRY.
THIS EVENT IS USUALLY HELD IN LONDON, BUT IN 2021 DUE TO THE PANDEMIC IT WAS HELD AS A VIRTUAL EVENT. THE OBJECTIVE WAS TO ENGAGE WITH, AND PROMOTE TO, A RANGE OF UK FINANCIAL ADVISORS AND OTHER PROFESSIONALS WHAT PRODUCTS THE ISLE OF MAN HAS TO OFFER IN TERMS OF FINANCIAL PRODUCTS.

COST OF SPONSORSHIP – SEE BELOW.

EVENT 3 PRIVATE CLIENT DINING EVENT, LONDON

1ST SEPTEMBER 2021

ATTENDED BY CHIEF MINISTER + POLITICAL MEMBER + 4 OFFICERS

156 GUESTS.

DUE TO THE COVID PANDEMIC THIS EVENT WAS CANCELLED AND RESCHEDULED TWICE. THIS EVENT WAS THE FIRST OFF ISLAND EVENT BY THE FINANCE AGENCY SINCE THE COVID PANDEMIC. IT WAS ALSO ONE OF THE FIRST LARGE IN PERSON EVENTS IN LONDON FOR 18 MONTHS. THE EVENT PROVIDED FIRST CLASS NETWORKING OPPORTUNITIES FOR THE PRIVATE WEALTH SECTOR.
THE OBJECTIVE WAS TO PROMOTE THE ISLE OF MAN AS A JURISDICTION TO DO BUSINESS FROM AND WITH, ACROSS THE SPECTRUM OF OUR FINANCIAL SERVICES OFFERING AND TO INCREASE THE KNOWLEDGE OF THE ISLAND AS A WORLD CLASS INTERNATIONAL FINANCE CENTRE. THIS EVENT LAUNCH FINANCE ISLE OF MAN’S IFC CAMPAIGN.

IN ADDITION TO THE MAIN SPONSORED EVENT, THERE WERE A SERIES OF 6 MEETINGS WITH INDUSTRY CONTACTS.

COST OF SPONSORSHIP – SEE BELOW.

TOTAL ASSOCIATED COSTS
(INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £8729.59

EVENT 4 PRIVATE CLIENT DINING EVENT, ZURICH

5TH OCTOBER 2021

ATTENDED BY 2 OFFICERS

89 GUESTS

ANOTHER RESCHEDULED EVENT FROM 2020. OBJECTIVES AS ABOVE. ONE OF THE OFFICERS DELIVERED THE KEYNOTE SPEECH AT THE DINNER.

IN ADDITION, A SERIES OF 7 MEETINGS WITH INDUSTRY CONTACTS AS PART OF THE INSURTECH PROMOTIONAL INITIATIVE.

COST OF SPONSORSHIP – SEE BELOW.

TOTAL ASSOCIATED COSTS (INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £2172.92

EVENT 5 INTERNATIONAL INVESTMENT MAGAZINE AWARDS (VIRTUAL EVENT)

7th OCTOBER 2021

THE INTERNATIONAL INVESTMENT AWARDS HAS BECOME A MAJOR ANNUAL EVENT, BOTH INTERNATIONALLY AND IMPORTANTLY FOR IOM BUSINESSES AND FINANCE ISLE OF MAN. THE EVENT ALSO HIGHLIGHTS THE ISLE OF MAN’S STATUS AS A WORLD CLASS INTERNATIONAL FINANCE SECTOR AND TO SHOW SUPPORT FOR THE VARIOUS ISLE OF MAN LIFE COMPANIES AND BANKS WHO WERE SHORTLISTED FOR A LARGE NUMBER OF THE AWARDS.

COST OF SPONSORSHIP – SEE BELOW.

EVENT 6 TRANSCONTINENTAL TRUST, GENEVA

11TH OCTOBER 2021

MANY ISLE OF MAN CORPORATE SERVICE PROVIDERS TARGET GENEVA FOR BUSINESS AND THERE ARE OPPPORTUNITIES TO DEVELOP THIS FURTHER. A SIGNIFICANT NUMBER OF CSP’S HAVE STATED THEY WOULD LIKE TO SEE FINANCE ISLE OF MAN ENGAGED IN SUPPORTING THEM IN DEVELOPING THE ISLE OF MAN’S PROPOSITION FURTHER IN THIS JURISDICTION. THE TRANSCONTINENTIAL TRUST CONFERENCE HAS ESTABLISHED ITSELF AS THE PREMIER TRUST EVENT FOR PRIVATE CLIENT PRACTIONERS. THE CONFERENCE ALSO ATTRACTED HIGH PROFILE SPEAKERS.

COST OF SPONSORSHIP – SEE BELOW.

EVENT 7 PRIVATE CLIENT DINING EVENT, GENEVA

14TH OCTOBER 2021

ATTENDED BY 2 OFFICERS

112 GUESTS.

THIS EVENT WAS, AGAIN, ONE OF THE FIRST LARGE EVENTS TO THIS AUDIENCE FOR SOME TIME. SEVERAL ISLE OF MAN COMPANIES WERE REPRESENTED AT THE EVENT. FEEDBACK FROM INDUSTRY AND ATTENDEES WAS VERY POSITIVE.

COST OF SPONSORSHIP – SEE BELOW.

TOTAL ASSOCIATED COSTS (INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £2675.82

EVENT 8 PRIVATE CLIENT DINING EVENT, DUBAI

4TH NOVEMBER 2021

ATTENDED BY 2 OFFICERS

143 GUESTS

IN ADDITION A SERIES OF 10 MEETINGS WITH INDUSTRY CONTACTS.

THIS EVENT WAS CO-SPONSORED BY AN ISLE OF MAN BASED BOUTIQUE INVESTMENT MANAGER. A PANEL EVENT WAS HELD AS A PRE-DINNER EVENT AT WHICH AN OFFICER WAS ON THE PANEL. THE PANEL DISCUSSED LINKS BETWEEN THE ISLE OF MAN AND THE UAE AND HOW THE ISLE OF MAN IS WELL POSITIONED AS AN INTERNATIONAL FINANCE CENTRE TO PROVIDE COMPLIMENTARY FINANCIAL SERVICES TO BUSINESS IN THE UAE.

COST OF SPONSORSHIP – SEE BELOW.

• STEP ARABIA (DELEGATE)

7TH NOVEMBER 2021

ATTENDED BY 1 OFFICER

125 DELEGATES

STEP ARABIA TICKET £210.75 TOTAL ASSOCIATED COSTS (INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £8045.86

EVENT 9 INTERNATIONAL INVESTMENT MIDDLE EAST FORUM (VIRTUAL EVENT)

17th NOVEMBER 2021

THIS FORUM BROUGHT TOGETHER SOME OF THE INDUSTRY’S BIGGEST NAMES TO DISCUSS THIS IMPORTANT PERIOD OF CHANGE WITH KEY PROVIDERS, PARTNERS AND ADVICE OF THE WORLD’S LEADERS TO LOOK AT WHERE THE INDUSTRY IS HEADING, THE CHALLENGES AND OPPORTUNITIES AND WHO WILL BE THE WINNERS AND LOSERS IN THE FUTURE ON ADVICE TO INDUSTRY IN THE GULF. ONE OF OUR OFFICERS WAS A MAIN SPEAKER AND DISCUSSED THE LONG STANDING CONNECTIONS BETWEEN THE MIDDLE EAST FINANCIAL SERVICES INDUSTRY AND THE ISLE OF MAN. THE MAIN OBJECTIVE WAS TO EXPLAIN THE BUSINESS LINKS BETWEEN THE JURISDICTIONS AND HOW WE CAN STRENGTHEN THEM GOING FORWARD.

COST OF SPONSORSHIP – SEE BELOW.

EVENT 10 INSURTECH INNOVATORS FESTIVAL (SPONSOR)

VIRTUAL EVENT (AS SPEAKER & PANELLIST INCLUDED)

10TH NOVEMBER 2021

COST OF SPONSORSHIP – SEE BELOW.

LONDON EVENT (AS EXHIBITOR, 5 GUEST PASSES INCLUDED)

18TH NOVEMBER 2021

ATTENDED BY 3 OFFICERS

THIS WAS AN EXCELLENTLY ORGANISED AND DELIVERED CONFERENCE HELD ON A FACE TO FACE BASIS AT THE QE2 CONFERENCE CENTRE IN LONDON. THE ISLE OF MAN TEAM OF 3 MANNED AN INSURTECH IOM STAND, COMPLETE WITH MEETING TABLE AND TV STAND. WE MADE SOME STRONG CONNECTIONS DURING THE DAY, ONE OF WHICH HAS ALREADY LED TO A SENIOR ROLE BEING ADVERTISED ON THE ISLAND (FINTECH OS).

545 DELEGATES.

IN ADDITION A SERIES OF 3 MEETINGS WITH INDUSTRY CONTACTS.

COST OF SPONSORSHIP – SEE BELOW.

TOTAL ASSOCIATED COSTS (INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £2140.57

EVENT 11 LONDON FAMILY OFFICE & HNW CONFERENCE

21ST NOVEMBER 2021

ATTENDED BY 1 OFFICER

200 DELEGATES.

BROUGHT TOGETHER HNWIs AND FAMILIES. CONFERENCE SHOW-CASED INVESTMENT OPPORTUNITIES AND AN OVERVIEW FROM WORLD EXPERTS ON THE FUTURE OF THE SECTOR. ALSO ENGAGING PANEL DISCUSSIONS. FINANCE ISLE OF MAN MADE A PRESENTATION AND HAD A STAND AT THE EVENT

IN ADDITION A SERIES OF 3 MEETINGS WITH INDUSTRY CONTACTS.

COST OF SPONSORSHIP – SEE BELOW.

TOTAL ASSOCIATED COSTS (INC DELEGATE TRAVELLING COSTS & EXPENSES, ACCOMMODATION, PROMOTIONAL GIFTS + ADVERTISING) £522.46

11 EVENTS SPONSORED BY FINANCE ISLE OF MAN IN 2021

£87,100.00 TOTAL SPONSORSHIP FEES PAID (excluding associated costs)

Freedom of Information Co-ordinator 1st Floor, St Georges Court Upper Church Street, Douglas Isle of Man IM1 1EX

Telephone: (01624 685375) Website: www.gov.im/ded Email: dpo-dfe@gov.im

Our ref: 2401189 18 May 2022

Dear ####

We write further to your request which was received on 22 April 2022 and which states:

"I request the cost for each Finance Isle of Man sponsored event in 2021.
Please include the cost of sponsorship, delegate travelling costs and expenses, accomodation and promotional
gifts and advertising."

Our response to your request is as follows: I have enclosed copies of the information that is being released to you.

Please quote the reference number 2401189 in any future communications.

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