Isle Of Man / Ellan Vannin

Isle of Man sets out international business ambitions

Financial centre of Douglas, Isle of Man
Image caption The government said economic diversity is the key for prosperity

The Isle of Man government has set out ambitious plans to establish the island as a world leader in the small international business sector.

It is thought a range of proposals are being looked at to improve economic diversity and create more jobs.

The government said priorities include bringing in new business and supporting the established private sector.

Economic development minister John Shimmin said the international ambitions are "entirely achievable".

He said: "We must continue to provide a nimble, responsive and business-focused environment to create the foundations for a prosperous and caring society."

Mr Shimmin warned against complacency saying he wanted to create a "can-do culture" to ensure success.

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