The sum is partly down to rises in pay and inflation but is a “worst case scenario”, Manx Care says.

The lifeboat station will receive the accolade in in recognition of its commitment to saving lives at sea.

Yorkshireman Davey Todd romps to victory as the Isle of Man event returns following a two-year hiatus.

The German road racer said taking in the event for the first time in 2024 will be “phenomenal”.