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Pinewood investment still safe: Minister

Treasury Minister Eddie Teare says the Island’s investment in Pinewood has been vindicated by a rising share price – despite ambitious expansion plans being turned down.

Yesterday, South Buckinghamshire Council told the film studio behind James Bond blockbuster Skyfall was told it couldn’t go ahead with a £200 million expansion plan.

The Manx government holds a ten per cent stake in the firm, and Mr Teare says the planning application will now go to UK Communities Minister Eric Pickles.

Mr Teare says the setback didn’t affect the value of the government’s investment:

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