Tynwald votes in favour of £24m Pinewood investment

Tue, 19 Jun 2012

Tynwald has voted in favour of plans to invest £24m in public money in Pinewood Film Studios.

In principle, the Treasury can now push ahead with proposals to buy a 19.9% share in Pinewood Shepperton.

The company would also be put in charge of the Island's media development fund.

Politicians spent most of today's sitting debating the matter.

Some of those who voted against the plans were concerned that they didn't have enough information and feared the film industry is high-risk.

However, the majority of members were in favour.