Enterprise Development Fund set to go before Tynwald

Sat, 10 Oct 2015

Minister for Economic Development Laurence Skelly

The £50 million Enterprise Development Scheme is set to go before Tynwald.

It’s a facility that would provide grant, loan and equity investment to eligible start-ups and developing businesses on the Island.

The public consultation is supported by the private sector.

Results would be reported annually; specifying the names of businesses, information on economic benefits and the value of any investment return.

Minister for Economic Development Laurence Skelly says it’s pivotal to creating a more sustainable future: