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Treasury Minister Allan Bell (pictured) says nowhere in the Island can lay claim to any money for town centre regeneration yet.
He says he understands the scheme isn’t coming about quickly enough for some people, but the work can’t be rushed.
In this year’s budget he announced £8 million would be spent by the government to spruce up the Island’s town centres.
But he refuted rumours that money has already been allocated:
"We do have a housing crisis on the Isle of Man" says expert
Average house price currently eight times more than the average annual earnings
Bill banning sale of nicotine pouches to under 18s due to get Royal Assent in November
It comes after schools warn of increase in students using them
Government funds 'not being allocated properly'
Daniel Davison says there aren't proper safeguards against overspending
EAC to host special Hop-Tu-Naa screening of horror classic
1973 film The Wicker Man on the big screen this weekend