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Manx entrepreneur Jim Mellon says he will invest £100,000 in media and financial group Rivington Street Holdings.
Mr Mellon will become the non-executive chairman of RSH subject to its scheme of arrangement being completed.
The company says it's hoping to complete the scheme soon and is planning to move to the Isle of Man in early June.
Mr Mellon says the firm has an exciting future and his investment is seen as a signal of serious intent.
'Running a business in Strand Street is more difficult than ever'
Traders in Douglas say it's becoming an 'uphill struggle' to operate in the city centre
Traders on Michael Street feel 'abandoned' by politicians in tough times
So what needs to happen to regenerate Peel's high street?
Work underway to 'get confidence back in the economy'
Chief minister says concern over finances based on 'more sentiment than actual evidence'
Energy and food security "two most important things", says MHK
Douglas North's John Wannenburgh believes these are the two main components that will determine the Island's survival
