Invest with Your Head and Your Heart

Total Page:16

File Type:pdf, Size:1020Kb

Invest with Your Head and Your Heart www.business365iom.co.uk | JULY 2020 ISSUE INVEST WITH YOUR HEAD AND YOUR HEART How RL360 is championing responsible investing For life’s financial journey www.rl360.com RL360 is part of COVID19 CASTLE MONA B365 FEATURE: HOUSEHOLD RESTORATION WELLNESS AT WORK INCOME SURVEY PLANS It’s a topic that many companies have started taking seriously. The reasons aren’t entirely A survey has been launched by Isle of Man Tevir Group has submitted plans for the first altruistic though, because – in purely financial Government Economic Affairs Division, phase of the restoration of the Castle Mona terms – looking after the health and wellbeing to help further understand the impacts of Hotel. The proposed works are detailed within of staff increases efficiency and improves staff the coronavirus (COVID-19) pandemic on three planning applications and three registered retention. people in the Isle of Man. building applications. THE ISLE OF MAN’S ONLY DEDICATED BUSINESS MAGAZINE NEWS | COMMENT | INSIGHT | PEOPLE | MOVEMENTS | FEATURES | TECHNOLOGY | HEALTH ProtectProtect youryour businessbusiness Secure offshore email, archiving & security awareness training services Inside your organisation Educate employees to recognise threats and use best practice security policies with effective online security training programs. At your perimeter Protection from inbound phishing, malware and spam attacks whether in the office, at home or mobile. Contact Us business.sure.com July CORONAVIRUS HOUSEHOLD IMPACT 5 SURVEY LAUNCHED A comprehensive round-up of the latest business news ProtectProtect youryour covering all sectors within the Isle of Man’s diverse and FIRST LOOK AT CASTLE MONA dynamic business environment. 6 RESTORATION PLANS PDMS ENHANCES MARITIME Expert comment from leading figures within the 10 EXPERIENCE businessbusiness business community, on a variety of topical issues across a range of sectors. FOOD SECURITY – LAXEY GLEN MILLS Secure offshore email, archiving 12 ON THE FRONT LINE Looking at the people who keep the wheels of TRANSFORMATION OF HEALTH AND commerce turning on the Island; features, profiles, 13 CARE MOVES FORWARD & security awareness achievements and stories with a human dimension. IMPACT OF COVID19 ON ECONOMIC training services 16 SUBSTANCE Who, what, where – a comprehensive appointments section keeping you abreast of all the movements within WELLNESS AT WORK – A SPECIAL the business community. B365 FEATURE Inside your organisation 17 Educate employees to recognise LifestyleHELPING YOU MAKE THE MOST OF WORK AND PLAY Lifestyle threats and use best practice Living a full and productive life is all about finding the right INVESTING THROUGH VOLATILE security policies with effective balance between work and play. Here at B365 we know 22 TIMES the importance of both. Our new lifestyle section will online security training include regular topics covering travel, motoring, property, Living a full and productive life is all about fi nding the right balance between work and play. Here at B365 we know the importance of both. Our new lifestyle section covers topics IGNORING INFLATION WOULD including travel, motoring, property, health, sport and leisure. health and leisure. programs. B365 – bringing a bit of balance into your life! BE FOOLISH IN THE EXTREME – 23 INVESTOR’S DIARY WITH PETER SHARKEY Exactly what it says on the tin – news snippets, forthcoming events and information from the business world. ANOTHER FIRST FOR ONLINE BETTING 29 PIONEER At your perimeter BUSINESS365 IS PRINTED & PUBLISHED BY MANNIN GROUP BRINGING YOU THE BUSINESS Protection from inbound This publication is printed on a Heidelberg SpeedMaster SX74 5 colour lithographic printing press on carbon balanced paper which is produced at one of the world’s Business365 evolved from Mannin Group’s highly successful, market leading publication, Money phishing, malware and spam most environmentally advanced paper mills ensuring it’s ultra clean and friendly to the Media. The new title embraces and builds on the ethos of its predecessor offering an all-embracing attacks whether in the office, environment. look at all sectors of the Isle of Man’s vibrant business community. Business365’s incisive editorial at home or mobile. reflects the Isle of Man’s standing as an international business centre of repute, and its modern, stylish presentation makes the magazine the first choice for industry leaders and professionals. In keeping with its position as the Isle of Man’s premier business publication Business365 enjoys an extensive distribution network. The magazine is delivered by post to all Isle of Man business addresses and is widely available in dispensers at the airport and the sea terminal in Douglas. tel: 01624 696565 | mail: [email protected] Should you require further copies of the magazine, please call (01624) 696565. To whom all matters relating to editorial should be addressed. Articles may be submitted for publication at the publisher’s Contact Us discretion. All items contained in this publication are the copyright of the publishers and may not be reproduced without the permission of the publishers. The publishers take no responsibility as to the veracity of statements or claims made by business.sure.com advertisers or outside contributions. comments Business365 offers a view on a topic e ou s or issue of the day. You can also log onto our dedicated website and express your opinion... Onwards and upwards... June will be remembered as the month we saw the Cloud of Covid 19 lifting from our lives, and when the Manx economy rose from its enforced slumber. here will be positives and negatives through an impressive overall ‘team effort’ the have managed to adapt their working models to to be gleaned from the Coronavirus Island has defeated the first wave of coronavirus survive through a long and difficult phase. experience. We can’t forget the 24 earlier and more effectively than many of us had T There will be difficult times ahead. When the people who tragically lost their lives as a result of thought possible. government’s MERA scheme and others come the Pandemic, and the families whose lives have We have also witnessed a resurgence of to an end companies that have relied on them been turned upside down. There are others who community spirit and togetherness – important will suddenly have to find the money to pay have lost their livelihoods and face a difficult and qualities that must be retained and nurtured if employees, in some cases long before their challenging period to get back on their feet. we are to turn the economy around and put the businesses are fully functioning - post pandemic. From an economic perspective dealing with the Island back on track for future prosperity. It is possible, indeed likely, that some will not crisis has been horrendously expensive and survive and the Island’s jobless total could rise We have seen the Health Service at its best, and has blown a massive hole in the government’s even further. the huge wave of public support for all the front finances, at a time when the outlook was starting line staff and carers within the service, will give How government performs post pandemic is to look rosier than at any point in the past decade. NHS workers a much needed morale boost after as critical as how it dealt with the crisis. After a But there are positives from the Covid a number of difficult years. period of understandable self-congratulation experience that mustn’t be overlooked. The and elation the work must continue with the We have also seen companies across all sectors Government – and in particular the council same focus and determination. demonstrate flair and flexibility in the ways they of Ministers - has succeeded in getting the people of the Isle of Man back on board. Their handling of the crisis has, with a few exceptions, We have also witnessed a resurgence of community been strong, determined and focused. Howard Quayle and his team have forged their own path spirit and togetherness – important qualities that must based on the needs of the Isle of Man, and have be retained and nurtured if we are to turn the economy not blindly followed the bungling route taken by the UK. Their efforts have been supported and around and put the Island back on track embraced by the people of the Isle of Man, and for future prosperity. ADVERTISING EDITORIAL Sales: Sarah Ashall Editor: Simon Richardson T: 01624 696556 T: 01624 696590 Business365iom E: [email protected] E: [email protected] The Business365 team is mainly working from home now because of the Coronavirus epidemic, but we will be keeping readers updated on news and information via our website at www.business365.co.uk A comprehensive round-up of the latest business news covering all sectors within the Isle of Man’s diverse and dynamic business environment. CORONAVIRUS HOUSEHOLD IMPACT SURVEY LAUNCHED A survey has been launched by Isle of Man Government Economic Aff airs Division to help further understand the impacts of the coronavirus (COVID-19) pandemic on people in the Isle of Man. he Coronavirus Household Impact Survey, however our Island will continue to be aff ected for which is being conducted by the Cabinet some time to come. Offi ce on behalf of Treasury and the T ‘This survey will help us to consider more medium Department for Enterprise, aims to collect data on term responses and how best to support households the ways in which coronavirus has infl uenced life at this time. We would encourage everyone to spare in the Isle of Man, including areas such as current 10 minutes to complete the short questionnaire, and and future spending, employment and household thank people in advance of their participation.’ fi nances. The confi dential results will be used by Isle Individuals are asked to complete the survey as of Man Government to contribute to the formulation soon as possible by visiting https://www.gov.im/ of schemes to support residents and businesses in about-the-government/departments/cabinet-offi ce/ the future.
Recommended publications
  • Public Service Broadcasting (2018)
    S E L E C T C O M M I T T E E O F T Y N W A L D C O U R T O F F I C I A L R E P O R T R E C O R T Y S O I K O I L B I N G E R – L H E H T I N V A A L P R O C E E D I N G S D A A L T Y N Public Service Broadcasting (2018) HANSARD Douglas, Thursday, 10th May 2018 PP2018/0092 PSB18, No. 3 All published Official Reports can be found on the Tynwald website: www.tynwald.org.im/business/hansard Published by the Office of the Clerk of Tynwald, Legislative Buildings, Finch Road, Douglas, Isle of Man, IM1 3PW. © High Court of Tynwald, 2018 SELECT COMMITTEE, THURSDAY, 10th MAY 2018 Members Present: Chairman: Dr A J Allinson MHK Mr T M Crookall MLC Hon. J P Watterson SHK Clerk: Mr J D C King Assistant Clerk: Mr A Cooke Contents Procedural .................................................................................................................................... 105 EVIDENCE OF Hon. Alfred Cannan MHK, Minister, and Mr Caldric Randall, Financial Controller, Treasury ....................................................................................................................................... 105 The Committee sat in private at 3.35 p.m. .................................................................................. 121 __________________________________________________________________ 104 PSB18 SELECT COMMITTEE, THURSDAY, 10th MAY 2018 Select Committee of Tynwald on Public Service Broadcasting (2018) The Committee sat in public at 2.30 p.m. in the Legislative Council Chamber, Legislative Buildings, Douglas [DR ALLINSON in the Chair] Procedural The Chairman (Dr Allinson): Welcome to this public meeting of the Select Committee of Tynwald on Public Service Broadcasting.
    [Show full text]
  • Financial Crimes, Tax Evasion and Tax Avoidance’
    Investment Migration Council (IMC) Position Paper on TAX3 Committee Report ‘Financial Crimes, Tax Evasion and Tax Avoidance’ March 2019 Investment Migration Council (IMC) cautions MEPs against phasing out industry responsible for vital investments Key Ask: IMC calls on MEPs to table a plenary amendment to the TAX3 Committee report supporting better industry standards and regulation and removing references to phasing out the citizenship and residency-by-investment industry The IMC recognise the significance of the European Parliament’s TAX3 Committee report ‘Financial Crimes, Tax Evasion and Tax Avoidance’ in promoting discussion around the Investment Migration sector. Open discussion and scrutiny are the first steps in addressing the public concerns about Investment Migration and improving standards across the board to ensure the risks of abuse are mitigated. However, the IMC opposes the TAX3 Committee’s call for the Investment Migration sector to be phased out since these programmes are responsible for vital investments in EU Member States. The IMC calls on MEPs to table and support a plenary amendment (refer to IMC Proposed Amendments to TAX3 Committee Report.pdf) deleting direct references to banning or phasing out citizenship-by- investment and residency-by-investment programmes, essentially pioneering categories of immigration and instead supporting the implementation of improved standards and possible regulation of the sector. Investment Migration Council, 16 rue Maunoir, 1211 Geneva, Switzerland 1 investmentmigration.org European Commission Joint Transparency Register Secretariat ID: 337639131420-09 Investment Migration is a €20 billion industry responsible for significant investment, job creation and societal development Investment Migration accounts for billions of direct and indirect revenues in some smaller European states, as noted by the International Monetary Fund in its 2015 publication “A Passport of Convenience” as well as individual annual Country Reports.
    [Show full text]
  • 1 Gd 2020/0058
    GD 2020/0058 2020/21 1 Programme for Government October 2020 – July 2021 Introduction The Council of Ministers is pleased to bring its revised Programme for Government to Tynwald. The Programme for Government was agreed in Tynwald in January 2017, stating our strategic objectives for the term of our administration and the outcomes we hoped to achieve through it. As we enter the final year of this parliament, the world finds itself in the grip of the COVID-19 pandemic. This and other external factors, such as the prospect of a trade agreement between the UK and the EU, will undoubtedly continue to influence the work of Government in the coming months and years. What the Isle of Man has achieved over the past six months, in the face of COVID-19, has been truly remarkable, especially when compared to our nearest neighbours. The collective response of the people of our Island speaks volumes of the strength of our community and has served to remind us of the qualities that make our Island so special. At the beginning of the pandemic the Council of Ministers suspended the Programme for Government, and any work within it, to bring to bear the complete resources of the public service in the fight against coronavirus as we worked to keep our island and its people safe. Through the pandemic we have seen behaviour changes in society and in Government, and unprecedented times seem to have brought unprecedented ways of working. It is important for the future that we learn from the experiences of COVID and carry forward the positive elements of both what was achieved, and how Government worked together to achieve it.
    [Show full text]
  • PP No 2020/0212
    PP 2020/0212 ECONOMIC POLICY REVIEW COMMITTEE FIRST REPORT FOR THE SESSION 2020-21 VISITOR ACCOMMODATION ECONOMIC POLICY REVIEW COMMITTEE FIRST REPORT FOR THE SESSION 2020-21 VISITOR ACCOMMODATION There shall be three Policy Review Committees which shall be Standing Committees of the Court. Subject to Standing Order 5.6(3) they may scrutinise the established (but not emergent) policies, as deemed necessary by each Committee, of the Departments and Offices indicated in this paragraph together with the associated Statutory Boards and other bodies: Economic Committee: Treasury; the Department for Enterprise; and the Cabinet Office (including constitutional matters). Each Policy Review Committee shall in addition be entitled to take evidence from witnesses, whether representing a Department, Office, Statutory Board or other organisation within its remit or not, in cases where the subject matter cuts across different areas of responsibility of different Departments, Offices, Statutory Boards or other organisations. The Policy Review Committees may also hold joint sittings for deliberative purposes or to take evidence. The Chairmen of the Policy Review Committees shall agree on the scope of a Policy Review Committee’s inquiry where the subject cuts across the respective boundaries of the Policy Review Committees’ remits. Each Policy Review Committee shall have – (a) a Chairman elected by Tynwald, (b) two other Members. Members of Tynwald shall not be eligible for membership of the Committee, if, for the time being, they hold any of the following offices: President of Tynwald, member of the Council of Ministers, member of the Treasury Department referred to in section 1(2)(b) of the Government Departments Act 1987.
    [Show full text]
  • Doing Business in the Isle of Man
    DOING BUSINESS IN THE ISLE OF MAN CONTENTS 1 – Introduction 3 2 – Business environment 4 3 – Foreign Investment 7 4 – Setting up a Business 8 5 – Labour 13 6 – Taxation 16 7 – Accounting & reporting 21 8 – UHY Representation in the Isle of Man 23 DOING BUSINESS IN THE ISLE OF MAN 3 1 – INTRODUCTION UHY is an international organisation providing accountancy, business management and consultancy services through financial business centres in over 100 countries throughout the world. Member firms work together through the network to conduct transnational operations for clients as well as offering specialist knowledge and experience within their own national borders. Global specialists in various industry and market sectors are also available for consultation. This detailed report providing key issues and information for users considering business operations in the Isle of Man has been provided by the office of UHY representatives: UHY CROSSLEYS LLC PO Box 1 Portland House Station Road Ballasalla Isle of Man, IM99 6AB British Isles Phone +44 (0) 1624 822816 Website www.crossleys.com Email [email protected] You are welcome to contact Andrew Pennington ([email protected]) or Nigel Rotheroe ([email protected]) for any enquiries you may have. Information in the following pages has been updated so that it is effective at the date shown, but inevitably it is both general and subject to change and should be used for guidance only. For specific matters, users are strongly advised to obtain further information and take professional advice before making any decisions. This publication is current at August 2021. We look forward to helping you do business in the Isle of Man.
    [Show full text]
  • Bank (Recovery and Resolution) Bill 2020
    Bank (Recovery and Resolution) Bill 2020 Consultation Yn Tashtey Treasury November 2019 Contents 1. Executive summary………………………………………………………………………….. 3 2. Introduction and background……………………………………………………………. 4 3. International Standards and implementation approaches…………………….. 4 4. Current Isle of Man position……………………………………………………………… 4 5. Overview of the draft Bill…………….……………………………………………………. 5 6. Feedback on the draft Bill…………..……………………..…………………………….. 10 7. Response Process …………………….…………………………………………………….. 11 2 1. Executive summary What is this Consultation Paper about? Following the Global Financial Crisis which erupted in 2007, various governments and international standard setting agencies have made significant advances in developing the legal, policy and operational frameworks necessary to ensure that future bank failures i) take place in an orderly fashion and ii) impose costs on the creditors and shareholders of the failed firm (through ‘bail-in’), as opposed to imposing costs on taxpayers (through ‘bail-out’). The Financial Stability Board has articulated a set of ‘Key Attributes of Effective Resolution Regimes for Financial Institutions’1, endorsed by the G20 Governments, which have since informed the development of Bank Recovery and Resolution (‘BRR’) regimes in many countries. The aims of a BRR regime are to ensure the continuation of critical banking functions, to protect covered depositors and client assets, to avoid negative effects on financial and economic stability and to minimise reliance on public financial support to failing
    [Show full text]
  • HOUSE of KEYS Y Chiare As Feed
    PP 2020/0047 HOUSE OF KEYS Y Chiare as Feed 12th March 2020 Nomination papers laid before the House of Keys Pursuant to the Order of the House I have laid the attached papers before the House of Keys on the above date. They consist of the nominations, received by email, and attached papers. i / 12th March 2020 Roger PHILLIPS Secretary of the House of Keys Mr. Martyn Perkins, MHK, Legislative Buildings Finch Road Douglas Isle of Man IM1 3PW 30th of January 2020 Mr. Roger Phillips Secretary to the House of Keys The Clerk of Tynwald’s Office Legislative Buildings Finch Road Douglas Isle of Man IM1 3PW Dear Roger – re - Nomination for The Legislative Council Election – 12th of March 2020 Mr. Robert William (Bill) Henderson I wish to propose and nominate Mr. R. W. Henderson of[Address redacted] Isle of Man, Member of the Legislative Council and Tynwald for a position on the Legislative Council in the forthcoming Legislative Council Elections on the 12th of March 2020. I attach his CV/ Introduction document which ably demonstrates why I consider him to be a worthy candidate. The Honourable Member Mr. A. L. Cannan MHK has agreed to second Mr. Henderson and The Honourable Members Mr. Howard Quayle MHK and Mr. Tim Baker MHK have agreed to support the nomination. Mr. Henderson’s contact details are – phone – [Contact details redacted] . Mr. Henderson was born and educated on the Island. He was a long standing Member of the House of Keys, Tynwald and latterly the Legislative Council up until the 29th February 2020.
    [Show full text]
  • Landlord and Tenant (Private Housing) Bill Committee
    H O U S E O F K E Y S O F F I C I A L R E P O R T R E C O R T Y S O I K O I L Y C H I A R E A S F E E D P R O C E E D I N G S D A A L T Y N LANDLORD AND TENANT (PRIVATE HOUSING) BILL COMMITTEE HANSARD Douglas, Monday, 8th September 2014 PP2014/0116 LTPHB, No. 3 All published Official Reports can be found on the Tynwald website www.tynwald.org.im/Official Papers/Hansards/Please select a year: Published by the Office of the Clerk of Tynwald, Legislative Buildings, Finch Road, Douglas, Isle of Man, IM1 3PW. © High Court of Tynwald, 2014 BILL COMMITTEE, MONDAY, 8th SEPTEMBER 2014 Members Present: Chairman: Mr C C Thomas MHK Mr D C Cretney MHK Mr L I Singer MHK Clerk: Mr R I S Phillips Contents Procedural ...................................................................................................................................... 55 EVIDENCE OF Mr D Ashford, Chairman of the Housing and Property Advisory Committee, Ms K Rice, Chief Executive, and Mr I Clague, Borough Engineer and Surveyor, Douglas Borough Council ............................................................................................................... 55 The Court adjourned at 3.15 p.m. and resumed its sitting at 3.26 p.m. when Mr Harmer and Mr Whiteway were called .......................................................................... 68 Procedural ...................................................................................................................................... 68 EVIDENCE OF Mr T Harmer, Commissioner and Mr P Whiteway, Clerk, Ramsey Town Commissioners ....................................................................................................... 69 The Committee adjourned at 4.06 p.m. and resumed its sitting at 4.14 p.m. ............................... 79 Procedural ...................................................................................................................................... 80 The Committee adjourned at 4.15 p.m.
    [Show full text]
  • Laurence Skelly – Rushen Political Questions
    Laurence Skelly – Rushen Political Questions (2016) Why do you want to be a member of the Continue the work started. Challenging House of Keys? last 5 years but even more so next 5 years. Believe my proactive approach and contribution has been positive and experienced gained will be beneficial for next administration. If you were elected, what would your Maintain a diversified growing economy priorities be on a national level? that supports our high level social welfare including health, education and balanced society. Promote culture of national pride in all that we do and help make our Island great place to live, work, visit and invest. If you were elected, what would your Develop a National Marine Centre priorities be on a constituency level? celebrating UNESCO accreditation, wider use of Southlands old and new for health and social care services in our community, realise sports and recreational facilities at Ballakilley, revisit Marina options, encourage more jobs and businesses and relaunch Queenie Festival. How well do you think the present Worth pointing out this has been most administration has handled the major challenging for decades. Difficult and challenges of the past five years? unwelcome decisions have been made in order to rebalance revenue budget but kept a positive growing economy with low unemployment - so overall the performance has been satisfactory. What are the main political and social Fall out of Brexit, positioning the IOM issues facing the Isle of Man in the next economy, maintaining balanced society five years? and planning for ageing demographic. How would you deal with the challenges Brexit will take time to unfold and fully referred to in the previous answer? understand implications but we must comprehensively review all options and be ready to adapt what is in best interests of IOM.
    [Show full text]
  • MINUTES of the MEETING of MAUGHOLD PARISH COMMISSIONERS HELD on MONDAY April 7 Th 2014, 7.30 PM at DHOON CHURCH HALL
    MINUTES OF THE MEETING OF MAUGHOLD PARISH COMMISSIONERS HELD ON MONDAY April 7 th 2014, 7.30 PM AT DHOON CHURCH HALL 7.30 pm Meeting of Maughold Parish Commissioners Present: Mrs M Fargher Mr M. Cowley, Mr R Moughtin, Mrs C Perks, Mr J Quayle. 14.28 Apologies: All Members present. 14.29. Declarations of any Interests in the business of the Agenda. None declared besides those discussed at 14.31 below. 14.30. Consideration of the accuracy of the Minutes of the Meeting of the 3rd March 2014. These were agreed to be a correct record. Proposed Mr Moughtin , seconded Mr Cowley . Resolved . 14.31. Matters Arising from the Minutes of the 3rd of March 2014. Daffodil Competition. Mrs Fargher reported that she had attended on the day of the judging of the daffodil competition with the clerk. The Captain of the Parish, Mrs Lace had judged the competition. Mrs Fargher advised that the standard of entries had been extremely high. Mrs Fargher asked if a letter could be forwarded to Mrs Lace CP thanking her for undertaking judgement of the competition. Agreed . 14.32. Matters for Discussion . a. Feedback on Garff Authority Meeting, and to discuss further investigation of a single Garff local authority (Rates Equalisation Information CF). Mr Moughtin indicated that the meeting in Maughold had gone extremely well, with unanimous support for the investigation of the formation of a single Garff Local authority. The attendance at the public meeting had been less than in previous years, but it was noted that the poorer turnout was perhaps due to the error made by Lonan Commissioners with the content of the letter.
    [Show full text]
  • Detailed Government Accounts – Year Ended 31 March 2017
    GD 2017/0024 DETAILED GOVERNMENT ACCOUNTS 2016/17 www.gov.im Isle of Man Government Detailed Accounts – Year Ended 31 March 2017 DETAILED ACCOUNTS For the Year Ended 31st March 2017 LAID BEFORE TYNWALD BY THE TREASURY Page 1 Isle of Man Government Detailed Accounts – Year Ended 31 March 2017 CONTENTS 1. Foreword by The Minister ............................................................................. 4 2. Introduction .................................................................................................. 5 3. Financial Highlights ....................................................................................... 6 3.1. Government Revenue ........................................................................................... 6 3.2. Government Capital .............................................................................................. 7 3.3. Reserves Summary ............................................................................................... 8 3.4. Balance Sheet ...................................................................................................... 9 4. Accounting Policies ..................................................................................... 10 5. General Revenue Account ........................................................................... 13 6. Accounts of the Consolidated Loans Fund (CLF)......................................... 22 7. Detail by Departments, Boards and Offices ................................................ 32 7.1. Department of Economic
    [Show full text]
  • Planning and Building Control Division Initial Summary Of
    Planning and Building Control Division Initial Summary of Responses Draft Planning Policy Statement Planning and the Economy Initial Summary of Responses - Draft PPS Planning and the Economy Introduction 1. The Draft Planning Policy Statement Planning and the Economy was published in February 2012 as a means to help clarify the policies contained within the Isle of Man Strategic Plan. The role of the Draft PPS is to ensure that there is understanding between all those involved in the planning process as to how the economic benefits of a proposed development will be taken into account in the assessment of planning applications. These benefits will be weighed up against all other material considerations in line with the existing planning policy framework. As such, the Draft PPS does not represent a new policy approach, it merely clarifies existing policy and objectives of the Strategic Plan. 2. This initial summary of responses document provides a brief overview of the consultation process and analysis of all responses received during the consultation exercise. In line with the Isle of Man Government Code of Practice on Consultation (2008; “the Code”), this initial summary has been produced within three months of the closing date of the consultation (consultation closed 4 th May 2012). 3. The Draft PPS was introduced by Minister Cretney, Minister for Infrastructure on 21 st February 2012 in the budget speech in Tynwald, where he stated that he was “publishing a Draft Planning Policy Statement setting out how planning will take into account the issues I have just highlighted in the determination of planning applications and the interpretation of the Strategic Plan” (full speech available at - http://www.tynwald.org.im/business/hansard/Pages/ByYear20002020.aspx ).
    [Show full text]