The Treasury Minister says the Island is already benefitting from the Pinewood Studios deal.
The government bought a 9.89% stake in the company, which cost more than £12million in October last year.
The deal has faced criticism from some quarters.
But Eddie Teare says he's happy with the return so far
Storm Boelo updates
Weather warnings will be in place throughout the weekend
New amber warning issued
Storm Boelo is bringing strong winds and rain to the Island
Island Rotary Club Marks World Polio Day
Rushen & Western Mann branch donates to disease eradication fund
Douglas Council says 'anti-fragile' systems in place to deal with severe storms
Leader Devon Watson says council budgets for 'unforeseen circumstances'