Importance of 50 million pound fund cannot be understated, says Chief Minister

Sat, 25 Jul 2015

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: