The government has spent £1.38 million investing in companies to create 109 jobs over the next five years.
Economic Development Minister Laurence Skelly was asked about a new £50 million investment fund in Tynwald last week.
He told the court a number of companies had already successfully applied for a share of the cash, and more deals are on the way.
Mr Skelly revealed how much had been spent so far:
Three government ministers to give talk next week
Island's ship registry expands in Asia
Courses will teach people about sustainable business
Local travel agent celebrated for £60m of sales
Corporate income tax deadline looms
Dental and beauty clinic wants to expand
Could you help transform Manx healthcare?
New entries on Syrian sanctions list