Regeneration money is running out says Chief

Wednesday, 10 December 2014 00:00

The £8 million pot of money set aside for local regeneration projects is fast running out.

That's the message from the Chief Minister who was responding to a question by Speaker of the House of Keys Steve Rodan in yesterday's Tynwald sitting.

He wanted to know if the future of the scheme is assured by Treasury.

Douglas, Ramsey and Castletown are a few of the towns that have drastically benefited from the funds - but Allan Bell is warning that the project doesn't come with a blank cheque:

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