Importance of £50m fund cannot be understated, says Chief Minister

Saturday, 25 July 2015 00:00

The Chief Minister says public negativity cannot derail plans to grow the economy.

Allan Bell announced proposals for a £50 million Enterprise Development Fund in Tynwald this week.

The money will be taken from government's £1.4 billion reserve pot and be used to support the growth of new business and creation of jobs for the Island.

He says he anticipates there will be a mixed reaction to the amount needed for the scheme, but urges the public to appreciate the importance of what they're doing:

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