Treasury Minister Eddie Teare says he hopes to have signed a deal to buy a stake in an iconic British film studio by the end of the month.
The deal to buy up to a fifth of Pinewood Shepperton Studios will cost the government tens of millions of pounds.
Mr Teare’s come under intense criticism by backbench MHKs over the deal, but says it points the way ahead for the Island’s film industry.
He says negotiations are still ongoing – but a deal should be inked soon.
Inquest into death of MGP competitor reconvened
Louis O'Regan sustained fatal injuries in incident at Kate's Cottage
Chief minister calls extraordinary meeting to discuss impact of Middle East conflict
Economic National Strategy Board to assess potential inflationary pressures
Government responds to reports linking new Iranian leader to Island-registered company
"The Isle of Man takes matters relating to financial crime, sanctions compliance and the integrity of the international financial system extremely seriously"
Manx Care reviewing pathways and support for those with suspected Covid-19 vaccine injury
It follows a number of listening sessions last year
Hopes traffic will be improved around Douglas amid road closure
White Hoe closure caused significant delays for motorists on its first day