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    DED says extra funding feasible following Budget

    Minister John Shimmin

    Extra funding may be available for the Department of Economic Development - despite it facing a budget cut.

    The department's budget has been reduced from £6.4 million to £5.5 million for the next year.

    That means a 0.8 per cent decrease in net expenditure this year.

    The DED is subject to the lowest outlay of all the government departments - but can apply for funds like Treasury's Marketing Initiative Fund.

    Minister John Shimmin says the Chief Minister has alluded to extra funds being available:

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