Diversifying the economy is 'key'

Wednesday, 17 February 2016 00:00

Diversifying the economy is 'key' according to the Treasury Minister following his Budget speech yesterday.

The financial plan for 2016/17 was approved last night with plans to aid development and the eGaming sector.

Eddie Teare has announced an initial investment for one year of £10 million into the Enterprise Development Fund:

He says work is also underway to increase the number of skilled IT professionals on the Island:

Mr Teare also made it clear that to maintain our current services more money will need to be invested:

More from Isle of Man News

Stopping Parentcraft classes not ideal says Health Minister

Health Minister Claire Christian says the way Parentcraft classes were ended wasn't ideal.
Pop-up bar in Peel applies for alcohol licence

A planned Ibiza-style bar for the Sunset City this summer will find out if it's been granted an alcohol licence next month.
Baby heron looking for food

A charity is asking for donations of fish to help feed a baby heron.
Stiff competition expected at Woody open

A tennis club in the south of the Island says it's going back to the good old days for its next event.
Computer problems plaguing Manx Care

Manx Care says computer troubles may mean delays to appointments, test results and prescriptions today.
MHKs to lose free parking from May

Tynwald members have just one month left of free parking - before they'll have to stump up for it.
Pastor accuses Treasury Minister of doing Satan's bidding over assisted dying

A Baptist pastor from Peel has accused Treasury Minister Dr Alex Allinson of carrying out Satan's will after assisted dying laws passed through Tynwald.
Island has world's sixth-lowest crime rate, says study

The Isle of Man is the sixth-safest place in the world to live, it's been revealed.