MHK voices concern over Pinewood deal

Tuesday, 19 June 2012 01:00

The Treasury Minister has faced critics in Tynwald today as he put forward his case for a major investment in Pinewood Film Studios.

Minister Teare is seeking approval for a £24m spend which would secure roughly a 20% stake in the major film studio.

In return they would manage the Island’s media development fund, formerly a responsibility of CinemaNX.

East Douglas MHK Brenda Cannell said members haven’t been given enough information, and has asked for the debate to be adjourned until October.

(AUDIO ABOVE)

More from Isle of Man News

Wildlife surveys near proposed windfarm site this week

A team of ecologists will be surveying wildlife in the south of the Island near a planned windfarm next week.
Manx Care reprimanded over former worker's data access failings

Manx Care's been rapped for dragging its heels under data protection laws.
Government announces pay deal with unions

The government says it's reached a pay deal with two public sector unions.
Museum plans memorial for lost aviators

Ballasalla could be getting a monument to flyers and aviators who never made it home again.
Drone investigation suggests radio interference at work

A UK investigator says radio interference may have been behind a drone's strange behaviour in the south of the Island.
MHK questions minimum wage tax and NI payments

How much did minimum wage workers pay into government coffers last year?
Former Montpelier boss faces bankruptcy hearing

The multimillionaire head of a former trust company that went into liquidation could be declared bankrupt this summer.
Commissioners disappointed over end of police drop-ins

Commissioners in Onchan say they're sad to see the end of community police drop-in sessions for the village.