Demand from the aerospace and fossil fuel industries in particular are driving a need for the Island to expand its engineering and manufacturing sector.
Skilled, qualified workers are also required to replace those retiring over the coming years.
Adrian Harrison is the engineering sector skills champion within the Isle of Man Chamber of Commerce.
He says plans to at the very least treble the 12 apprenticeship schemes currently available annually are vital:
Voters go to the polls for Manx General Election
82 candidates seeking House of Keys position
Upgraded CCTV for Ramsey to be funded by criminal cash
Authority believes it will help town 'stay ahead of the curve'
Public counters closed due to staff shortages
Passport, immigration and nationality services affected
Church service wants people to think more about impact of disabilities
Promenade Methodist Church event focussing on hearing and sight loss this weekend
