Isle of Man News last updated 22 May 2018 09:58:48

£600,000 spent on promoting the Isle of Man

POSTED Thu 10-05-2018

More than £600,000 will be spent advertising the Isle of Man this year. That's the message from the Enterprise Minister Laurence Skelly who says £609,250 has been allocated for promotional activity. He was quizzed on the topic in the House of Keys this week telling politicians the department can also request access to Treasury's Marketing Initiatives Fund to gain extra. The total amount does not include costs associated with the department’s contract with Lansons for PR services and expenses.

Government confirms intention to buy Steam Packet Company

POSTED Tue 08-05-2018

The Manx Government says it has negotiated a deal to buy the Isle of Man Steam Packet Company. Treasury Minister Alf Cannan has tabled a motion for this month's sitting of Tynwald. It will ask for £124 million to purchase 100 per cent of MIOM Ltd – the parent company of the Steam Packet. Mr Cannan says: "We believe it is in the best interests of our people and our economy to take a controlling stake in the national ferry operation rather than commit the Island to another long-term agreement with an external provider. "The government has not been in a position to explain its intentions to the public before now because of the commercial confidentiality of the negotiations. "However we believe we are paying a fair price to secure a...

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