Every pound government spends, £5 will go into the Manx economy
Each pound the government spends supporting business under a new scheme will bring five pounds into the Manx economy.
So says Economic Development Minister Laurence Skelly after Tynwald approved a £50 million fund to help local companies and create jobs.
The cash will be spent investing in companies, and Mr Skelly says the returns from those investments will allow the scheme to fund itself in to the future.
He says the idea is to bring new companies here as well as support those who may need help:
Higher taxi tariff now in force from 11pm
Braddan Commissioner 'refutes' allegations of misrepresenting Roundhouse access issues
Douglas man accused of causing death by dangerous driving committed
Southern Amenity Site changes disposal policy for residents to six bags a month
Island's economy 'not in the same context' it was 18 months ago
Inmate 'likely died hours before being found'
