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.
Winter Support Hub to help 'the hardest hit' in community
Salvation Army says as it gets colder 'it will start to get more challenging'
Ramsey biker competes 8,500 mile charity ride
Sunstroke and severe storms don't stop Clint
GP surgeries to close for education session
Doctors will be attending training
MHKs should reflect 'generational change' when electing next chief minister
New MHKs discuss who should lead the next administration