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
Former DOI minister expecting new CRHS to be 'over the £70 million mark'
Michelle Haywood says the longer the project is put off, the more it'll cost
"Rapid review" into bed capacity at Noble's Hospital
DHSC commissions report after concerns raised by doctors
Still 'very low risk' of meningitis outbreak on Island
Cabinet Office minister not planning any change in policy amid UK deaths
MHK 'disappointed but not surprised' over secondary school delay
Funding vote won't be brought to Tynwald before election
FoI statistics to be published quarterly to improve transparency
Training session planned for public sector