Economic outlook highlights diversification
A leading figure in the Island's business community says a government fund to assist the private sector will play a vital role in shoring-up the Manx economy.
Fifty million pounds has been pledged to an Enterprise Development Fund to support start-up businesses, and attract new firms to the Island.
Chief Minister Allan Bell has described entrepreneurs and innovators as the 'engine room of the economy', creating jobs and tax revenues to fund public services.
Managing director of accountancy firm KPMG in the Island Mike Fayle says efforts to diversify the economy and ensure it relies less on financial services, are crucial.
He says while the fund is no panacea, it's a major step in the right direction:
Gas company says reduction is 'great news' for customers in the middle of winter
Energy firm scraps licence variation request as government grants two-month extension
CURA reduces gas prices for households
Barber holding 'pay what you can' day for charity
