The Treasury Minister says the Island is already benefitting from the Pinewood Studios deal.
The government bought a 9.89% stake in the company, which cost more than £12million in October last year.
The deal has faced criticism from some quarters.
But Eddie Teare says he's happy with the return so far
Historic buses to be celebrated today
It is to mark 50 years since bus nationalisation.
Solar array approved for NSC roof
1,200 panels can now be installed
Douglas Council says Green Flag Status is 'something to be proud of'
Councillor Natalie Byron-Teare says it shows parks are 'way above standard'
Activities paused at Douglas RNLI as 'precautionary' step
Lifesaving charity issues statement following review of training progress