Treasury minister says it's a 'significant step'
Isle of Man-based companies are now going to be prioritised by government when awarding contracts.
It's hoped the move will support local businesses.
Up to 94 percent of government's spending could now be directed into the local economy as a result.
The Treasury Minister Alex Allinson says it's a 'significant step' and will create a more 'robust and self-sustaining economic environment'.
Embed not found
Manxman to return to service following repairs
Steam Packet says technical issue has now been resolved
Discussions ongoing over meningitis B vaccine rollout
Speaking with Public Health as jabs offered to students in the UK
Health minister apologises for confusion over ambulance centre funding
Funds were withdrawn four months before minister told House of Keys they were available
Port Erin Commissioners to open recruitment for new clerk 'shortly'
Local authority says earlier hiring process was stopped due to 'internal procedural errors'