The Isle of Wight Fire and Rescue Service, HM Coastguard, Police and the Isle of Wight Ambulance Service are all on scene at Belgrave Road.
It is understood 1 vehicle is involved in the incident, which occurred around 21:00.
UPDATE @ 21:51 – Emergency teams are currently working to extricate a casualty from the vehicle, which has landed on its roof after falling a considerable distance.
It has been stopped from dropping down onto Esplanade Road by a series of small trees and bushes.
Coastguard officers from Bembridge and Ventnor are assisting fire crews with specialist rope rescue. 3 fire appliances from Ventnor, Shanklin and Newport are on scene alongside the Rescue Tender from Newport.
Police have deployed an Inspector to oversee the incident.
Belgrave Road has been cordoned off whilst the incident is ongoing.
UPDATE @ 22:19 – The female driver of the car has been conveyed to St Mary’s Hospital by ambulance having been rescued from her predicament.
Her condition is unknown at this stage, but it is not thought to be immediately life-threatening.
Attention now turns to the vehicle itself and how to recover it from the hard-to-reach location. Stag Lane Motors have been called upon to work with Hampshire Constabulary.
A strop has been secured around the VW Beetle by firefighters to prevent it from falling any further.
UPDATE @ 23:15 – The initial response to the incident has now concluded with emergency teams beginning to stand down and return to station.
Police are expected to remain in attendance at Belgrave Road throughout the night with recovery of the car due to take place during daylight hours.
UPDATE WEDNESDAY @ 00:08 – Island Roads say that both Belgrave Road and Esplanade Road are to remain closed until tomorrow (27th September).
UPDATE @ 08:54 – Hampshire Constabulary have confirmed that a 29-year-old woman from Ventnor has been kept in hospital overnight for observations. It is unclear at this moment in time if she has been arrested on suspicion of any offences.
Anyone who witnesses the incident unfold is asked to call 101, quoting 44180362460.