Gladys Posted February 1, 2017 Share Posted February 1, 2017 Social & financial return on capital employed for community owned enterprises You're correct that there's not a huge return on giving public money earned by giving it away to private enterprise Dunno why CoMin allow it It's what they have always done-meat plant-Laxey Flour Mills-etc etcIt would be much better to put £50,000 million into good infrastructure on the island and let companies look after themselves. We could even pay to have some white lines painted on the roads. How true. Just driven to the airport this morning in drizzly, misty rain. The road markings on Richmond Hill were almost impossible to see, as they were elsewhere, but after the amount of money thrown at that stretch, you would think the road markings would be visible. Link to comment Share on other sites More sharing options...
hboy Posted February 1, 2017 Share Posted February 1, 2017 Social & financial return on capital employed for community owned enterprises You're correct that there's not a huge return on giving public money earned by giving it away to private enterprise Dunno why CoMin allow it It's what they have always done-meat plant-Laxey Flour Mills-etc etcIt would be much better to put £50,000 million into good infrastructure on the island and let companies look after themselves. We could even pay to have some white lines painted on the roads. How true. Just driven to the airport this morning in drizzly, misty rain. The road markings on Richmond Hill were almost impossible to see, as they were elsewhere, but after the amount of money thrown at that stretch, you would think the road markings would be visible. The state of the roads just underlines the general state of the place. Anyone who gets a taxi in from the airport and who decides to set up a business her can only be induced to move here by grants and free money being thrown at them as nothing they experience or see out of the window is conducive to them getting an impression of an Island going places. It's all tired and generally third rate. Link to comment Share on other sites More sharing options...
notwell Posted February 1, 2017 Share Posted February 1, 2017 Of Government’s enterprise development scheme has received over 100 enquiries from businesses on and off-island Hmmm. I just went to this page: http://www.whereyoucan.com/how-we-can-help And clicked "Find out more" for my "company" with 100+ people. I wonder if Howard will be in the paper tomorrow bragging about 600 potential jobs? Of course they can sniff out the promise of money. I wonder how many local companies are included in that figure? I suppose they are entitled t some of the £50 million on offer. The £50m isn't being given away. It involves loans and equity stakes in the business. So, in theory you could have a successful on island company looking to expand and bring people in but the trade off for financial support from the fund would be an equity stake taken by government and a loan in place. Link to comment Share on other sites More sharing options...
rmanx Posted February 2, 2017 Share Posted February 2, 2017 If you think its still at £50 million... Link to comment Share on other sites More sharing options...
notwell Posted February 2, 2017 Share Posted February 2, 2017 Do you know what investments they've made? Link to comment Share on other sites More sharing options...
the stinking enigma Posted February 2, 2017 Share Posted February 2, 2017 i don't. what were they? Link to comment Share on other sites More sharing options...
notwell Posted February 2, 2017 Share Posted February 2, 2017 Rmanx seems to know. Link to comment Share on other sites More sharing options...
the stinking enigma Posted February 2, 2017 Share Posted February 2, 2017 do you? Link to comment Share on other sites More sharing options...
rmanx Posted February 2, 2017 Share Posted February 2, 2017 I don't know. But if you think that £50 million hasn't been dipped into already... Link to comment Share on other sites More sharing options...
notwell Posted February 2, 2017 Share Posted February 2, 2017 I don't, I just thought you knew. The information I had was that the first "batch" of agreements were due to come into being early 2017. Link to comment Share on other sites More sharing options...
Donald Trumps Posted February 2, 2017 Share Posted February 2, 2017 Dare say govt obsession with petty bureaucracy is now in full swing on first batch Link to comment Share on other sites More sharing options...
Non-Believer Posted February 2, 2017 Share Posted February 2, 2017 Well, if they are actually carrying out proper due diligence on who the funds are to be allocated to, that has to be welcome? Link to comment Share on other sites More sharing options...
woody2 Posted February 2, 2017 Share Posted February 2, 2017 Well, if they are actually carrying out proper due diligence on who the funds are to be allocated to, that has to be welcome? hahaha Link to comment Share on other sites More sharing options...
asitis Posted February 3, 2017 Share Posted February 3, 2017 Well, if they are actually carrying out proper due diligence on who the funds are to be allocated to, that has to be welcome? Eddie Teare has personally overseen due diligence ROFL ! Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 3, 2017 Share Posted February 3, 2017 Well, if they are actually carrying out proper due diligence on who the funds are to be allocated to, that has to be welcome? It would probably also be a first! Link to comment Share on other sites More sharing options...
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