Laxey Wheel Isabella was celebrated by the people of Laxey with a grand fayre on Saturday 24 September 2004. It is currently maintained by Manx National Heritage as part of the Great Laxey Wheel & Mines Trail. The wheel features today on the reverse side of the £20 notes issued by the Isle of Man Government. A water-powered wheel was used because the Isle of Man does not have a supply of coal for a steam-powered pump. Water from the surrounding area – including a number of local springs and streams – is collected in a cistern, which is above the level
Laxey as 1,705. It is the fourth largest village on the island. Historically, Laxey was in the parish of Lonan within the sheading of Garff. Until 2016, Laxey was a village district with its own commissioners. From 1 May 2016, it merged with the parishes of Lonan and Maughold to form the new parish district of Garff, within which it is a ward. Laxey is also part of the Keys constituency of Garff, whose representation increased in 2016 from one to two members. Laxey Wheel, also known as Lady Isabella after the wife of The Hon. Charles Hope, then Lieutenant Governor