Strategy to revitalise retail, hospitality and leisure sectors published

The long-awaited Local Economy Strategy has been released in draft form, which hopes to ensure the wellbeing of the retail, hospitality and leisure industries for the next 10-years.Business Isle of Man is setting out a range of tools for residents, local authorities and businesses to enable them to 'take ownership' of their local areas.The document itself is eight-months late from when it was first promised, which the government agency blames on the cost-of-living crisis and the 'constant heat' facing the industries that make up the local economy.It prides itself on being 'data-led', with external researchers being brought in to conduct analysis, alongside surveys which garnered 1,250 responses.Manx Radio's Christian Jones sat down with Business Isle of Man's Chief Executive Tim Cowsill and Enterprise Minister Tim Johnston.