3FM

On Air Now More Music 2:00am - 8:00am Email

Now Playing Crazy What Love Can Do David Guetta / Becky Hill / Ella Henderson Download

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

Postal vote applications have to be in soon

Living far away but want to cast your vote in September's election? Time's running out!
Mum launches petition over university support

A petition's been launched calling on government to provide more support for Manx university students.
Bus services north and south face disruption later

Bus Vannin says a number of its services may face disruption this evening.
Wildlife Trust unveils woodland plans

The Manx Wildlife Trust has submitted a planning application for a new woodland in the northeast of the Island.
Deadline looms for by-election nominations

Time's running out to get your forms filled in if you'd like to stand as a commissioner in Marown.
Biker in UK hospital after Mountain crash

Police are appealing for witnesses to come forward after a crash on the Mountain Road yesterday afternoon.
Trial event closes roads in Peel and Ramsey

There'll be road restrictions in Peel and Ramsey during a motorsport event this weekend.
Requisition meeting for Garff voters

A requisition meeting will be held in Maughold next month.