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

Panic over - Mcdonald's reopens at 11am tomorrow

After weeks of withdrawal symptoms, you can finally be reunited with McNuggets.
Police say beat it to cars illegally parked during MJ tribute act

Theatre-goers in Douglas were met with fines on their cars last night, following a show at the Villa Gaiety.
No dedicated prostate cancer screening programme, despite over 1,200 referrals

The Isle of Man doesn’t have a dedicated prostate cancer pathway.
Minister says GP waiting times have improved, but delays still impact A&E

The average wait to see your GP is 7.4 days according to the Health and Social Care Minister.
Crash closes section of the Mountain Road

Police have closed a section of the Mountain Road this morning due to a crash.
Island's prison nears full capacity

The Isle of Man Prison is operating close to full capacity, with almost 90% of available spaces currently occupied.
Beach hut owner praises youngsters for owning up to break-in

A Port Erin business owner has spoken out after one of her beach huts was broken into earlier this week.
Questions raised over Cair Vie Windfarm funding

Concerns over the financing of the proposed Cair Vie windfarm were raised yesterday in the House of Keys.