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UK company to manage Enterprise Fund

Tue, 15 Mar 2016


Managers have been appointed to look after the new Enterprise Development Scheme - but should they have been from a Manx company?
 
SPARK Impact will run the 'accelerator and relocator' elements of the £50 million pot. 
 
The purpose of the fund is to 'nurture local talent' and 'create more jobs on Island' however the decision was made early on to out-source some of the money management. 
 
Economic Development Minister Laurence Skelly says there are companies on Island who could have done the job but SPARK Impact had the 'skills':

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  • Laurence Skelly MHK

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