Enterprise fund first proposed by MHK in 2012

Tuesday, 28 July 2015 00:00

The mastermind of a £50 million private-sector investment scheme has commended Economic Development for driving it forward.

First pitched in 2012 by now Health and Social Care Minister Howard Quayle, the money has been sourced from the £1.4 billion reserve pot to support economic growth.

The idea hasn't changed over the years - it will be used to bring about new business and create jobs for the Island.

Expressions of interest are already being sought - Mr Quayle explains the plan's significance:

More from Isle of Man News

Work starts on Peel sewage works

Peel's finally getting its new sewage treatment plant - with work starting this week.
Merseyside police launch annual TT safety operation

Police in Liverpool have teamed up with the city's council to safeguard TT fans travelling to the Island.
LED red-flag test for TT tommorrow

Don't worry if you get red-flagged on the TT course tomorrow - it's just a test!
Invitation to welcome Manx Ukraine hero home on Friday

A motorcade led by bikers will bring a Manx hero home tomorrow.
Were you given weight-loss jabs on prescription?

Twenty-three prescriptions for weight loss drugs have been issued on the island in the past year.
New cafe for Castletown

A new café in the south of the Island has thrown open its doors today.
Strong winds and rain for first day of TT practice

This year's TT is facing a soggy and windy start, according to Ronaldsway Met Office.
Government wants to know what you think of new NHS surcharge

There's a chance to have your say on a new healthcare tax to pay for the Island's healthcare system.