The Island's Chamber of Commerce has described the budget as 'welcome news'.
Treasury Minister Alf Cannan announced the plans earlier this week - including a £100m economic recovery fund to help secure our financial future.
The Chamer added it's particularly pleased to see schemes will now be enhanced to more accurately target the sectors or organisations most in need.
A Chamber spokesperson said they look forward to receiving more detail in relation to issues in the coming months.
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