Treasury Minister Eddie Teare says he hopes to have signed a deal to buy a stake in an iconic British film studio by the end of the month.
The deal to buy up to a fifth of Pinewood Shepperton Studios will cost the government tens of millions of pounds.
Mr Teare’s come under intense criticism by backbench MHKs over the deal, but says it points the way ahead for the Island’s film industry.
He says negotiations are still ongoing – but a deal should be inked soon.
Government 'expects fuel pricing to stabilise by middle of week'
Chief Minister to address House of Keys on topic tomorrow
Tanker carrying 4.5 million litres of fuel waiting to dock
Forecourts prepare to replenish stocks as diesel prices rise
Queues at pumps as diesel prices increase across Island
Average of 185.9p per litre - a 50p rise
We aren't the fun police!
Chief Technical Officer explains scrutineering