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Consultation on Proposals for Economic Growth

Monday, 8 August 2016

The Department of Economic Development has issued a consultation paper on a range of proposals to grow the Island's workforce.

The 'Proposals to Accelerate Economic Growth' consultation is open until Friday 30 September and offers people the chance to submit their views and suggestions on the Department's plans for economic growth.

Laurence Skelly MHK, Minister for the Department of Economic Development, commented:

'Thanks to the Island's longstanding policy of economic diversification, unemployment has been steadily falling and is now at its lowest level in eight years. While this is good news for workers, local businesses are struggling to find the skilled workers necessary to grow and therefore create more jobs and taxes for the Island. To this end the Isle of Man needs to increase its workforce, either through increasing the participation of residents or by attracting new workers to the Isle of Man.

'The Department has a series of ideas to help drive this growth. This consultation gives the general public the opportunity to comment first-hand on the proposed initiatives for growth as well as suggest their own ideas. The proposals should also help the new Administration make quick and effective decisions with the backing of the local population.'

The Consultation outlines five headline proposals to grow the active working population on the Isle of Man, including plans to encourage Manx graduates to return, boost earnings for lower paid workers and help qualified workers re-join the workforce.

The Department is keen to hear from any members of the public, businesses and other stakeholders who may have comments on the proposals or suggestions on additional measures the Department might take to grow the economically active population of the Island.

Please visit /ConsultationDetail.gov?id=587 to find out more about the proposals and submit your comments.

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