Capital absorbs regeneration fund

The Chief Minister confirmed this in the House of Keys on Tuesday morning after being questioned by Rushen MHK Laurence Skelly.

Allan Bell said the total amount pumped into the capital is almost one-third of a million pounds, compared to just over £31,000 in the Sunset City.

Ramsey was the other big recipient with £212,000 so far invested.

However, the likes of Laxey and Castletown have received less than £30,000 of more than £650,000 so far invested.

The total pot for the project is £8million, of which £1.757m has been allocated.

In the current allocation, Ramsey will enjoy a total of almost £441,000, Douglas’s amount will increase to just less than £790,000 and Castletown’s funds will be boosted significantly to £177,000.

The full breakdown is as follows:

Total amount spent so far (of £656,287)

CASTLETOWN   £29,325

DOUGLAS           £327,835

LAXEY                £20,774

PEEL                    £31,416

RAMSEY             £212,064

SOUTH WEST    £27,598

ISLAND WIDE   £7,275

Total amount allocated (£1.757m) breakdown:

CASTLETOWN    £176,725

DOUGLAS            £789,223

LAXEY                 £28,523

PEEL                     £266,113

RAMSEY              £440,895

SOUTH WEST     £42,346

ISLAND WIDE    £13,275