Government has so far put money into 150 projects around the Island, via the Town and Village Regeneration Scheme.
That's according to Chief Minister Allan Bell.
One of the larger projects, repaving Strand Street and Duke Street in Douglas, is under way, while work is also taking place in Ramsey, Peel, Castletown, Laxey, Port Erin and Port St Mary.
Mr Bell thinks now is exactly the right time to be spending money on redevelopment:
500% increase in immigration arrests on the Isle of Man
Due to targeted activity rather than increased criminality
More taxpayers' cash could be spent on 'cleaner heating'
DEFA seeking Tynwald approval for new scheme
RAF veteran says assisting blind climber will be 'massive honour'
Gary helping guide 87-year-old up Ben Nevis
Financial leaders from small countries visiting Island
Delegates from 25 small nations attending seven-day event
New liquor licence proposed to support private events sector
Developed in conjunction between DfE and hospitality sector