RSSCategory: Economy

Undergraduate projects sought for 2014 STEP Scheme

| April 22, 2014 | 0 Comments

The Department of Economic Development is encouraging Isle of Man-based organisations to take part in the 2014 STEP Programme. STEP is a unique scheme that places Manx undergraduates within local organisations to work on specific projects for eight weeks during their summer holidays. A record number of 118 students have applied for projects and are […]

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Visitor Economy continues to grow

| April 14, 2014 | 0 Comments

Figures released recently by Treasury show that overall spending by visitors increased by 1.6% to £107million in 2013. The 2013 Passenger Survey showed a fall of 1% in the total number of visitors due to a fall of 8% in the number of visiting friends and relatives (VFR). However, the number of visitors staying in […]

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Department secures additional resources to drive economic growth

| April 14, 2014 | 0 Comments

The Department of Economic Development has secured additional funding of £2million over three years to help drive additional economic growth in a number of key areas. Minister for Economic Development John Shimmin MHK commented: ‘Through the important work that was done to help develop the Vision2020 strategy we have identified the key priorities and opportunities […]

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Isle of Man welcomes visit by Chinese shipping representatives

Isle of Man welcomes visit by Chinese shipping representatives

| April 8, 2014 | 0 Comments

The Isle of Man has this week hosted a visit by leading figures from China’s shipping industry, as part of an ongoing programme of engagement to strengthen relations with one of the world’s economic superpowers. Mr Sun Feng, Vice President of the China Classification Society (CCS), and Mr Zhang Hui, Managing Director of CCS Europe, […]

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Memorandum of Understanding signed with Foster City

| April 3, 2014 | 0 Comments

The Department of Economic Development has signed a Memorandum of Understanding (MOU) with Foster City, which is near ‘Silicon Valley’, California, USA. Minister for Economic Development John Shimmin MHK commented: ‘With Foster City being home to a number of well-known global corporations in the software, financial services and biotech sectors, I am hopeful that this […]

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Review of Minimum Wage to be conducted

| March 28, 2014 | 0 Comments

The Department of Economic Development has announced that the Minimum Wage Committee is shortly to invite evidence from interested parties concerning changes to the rate of the Minimum Wage in the Isle of Man. Minister for Economic Development John Shimmin MHK said: ‘The Minimum Wage represents an important part of Government’s aim to protect the […]

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North West ties strengthened with signing of Memorandum of Understanding with Liverpool Vision

North West ties strengthened with signing of Memorandum of Understanding with Liverpool Vision

| March 26, 2014 | 0 Comments

The Department of Economic Development has signed a Memorandum of Understanding with Liverpool Vision which will assist in the promotion and development of economic co-operation and overseas investment between the Isle of Man and Liverpool City Region. Minister for Economic Development John Shimmin MHK and Chief Executive for the Department of Economic Development Chris Corlett […]

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Minister announces new political delegations

| March 24, 2014 | 0 Comments

Minister for Economic Development John Shimmin MHK has announced the new delegations for the Department of Economic Development following the arrival of its new political Members. The Minister commented: ‘I am delighted to welcome Graham Cregeen, David Cretney and Leonard Singer to the team. They will each bring valuable experience and assistance to the Department […]

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Delegation strengthens relationship with China

| March 17, 2014 | 0 Comments

The Manx delegation to China has helped to strengthen relations with the world’s second largest economy and raise further awareness of the Isle of Man as a leading international business centre. Chief Minister Allan Bell MHK described the intensive programme of political and business meetings, receptions and media briefings as ‘positive and productive’. The visit […]

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Local firms encouraged to participate in Employment Land Review Study

| March 17, 2014 | 0 Comments

The Department of Economic Development, in conjunction with the Department of Infrastructure, is preparing an Employment Land Review Study to inform future allocations of employment land across the Island. In order to help facilitate this, local firms are encouraged to complete a short survey to provide views on the suitability of their existing accommodation along […]

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