Government scraps Isle Of Man Finance

New private public partnership with industry representatives

The Isle of Man Government is scrapping its civil service organisation Isle of Man Finance and launching the Isle of Man Finance Partnership with industry representatives to promote the sector.

The partnership will be funded by the government and over the next two years it intends to promote the services offered by firms based on the island to locals as well as the Middle East, China and the UK, it's also seeking to encourage inward investment into the island’s finance sector.The private public partnership will allow resources and funding to be shared across the industry and the civil service.

The organisation will be led by Chamber of Commerce chief executive Mike Hennessy.