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'.
Embed not found
Patients 'strongly satisfied' with virtual GP pilot
Island to mark the golden anniversary of the Millennium of Tynwald
Tynwald backs major overhaul of Isle of Man planning system
Laxey Christmas Market returns
Lecture to highlight work of 'trailblazing' Annie Swynnerton