Government to prioritise Manx businesses when awarding contracts

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'.