£3m of £50m fund invested in two years
The rate of investment from the Enterprise Development Fund hasn't lived up to Government expectations.
That's the admission of the Deputy Chief Executive of the Department for Enterprise.
Around £3m pounds in loans has been paid out under the Enterprise Development Scheme during its first two years in existence, well below the anticipated £10m a year.
Karl Hawker made the comments during an evening of Any Questions organised by the Isle of Man Bankers Association and the London Institute of Banking and Finance last week.
Mr Hawker says there are two keys challenges facing the EDS:
DHSC looking to 'map clear way forward' over bed shortages
Mother's Day recognition for women who ‘shape our community’
New clerk for Arbory and Rushen Commissioners
Strike off process against companies with out-of-date information starts
DEFA reviewing governance and operational structure at abattoir