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Locate Jersey highlights inward investment success at high level London event

11 July 2014

The success of Locate Jersey in helping almost 100 new businesses establish themselves in Jersey over the last two years in areas such as renewable energy, fin-tech, ICT and mining was highlighted to an audience of senior business professionals in London this week.

At the lunch event entitled 'Jersey. For business. For life.', held on 7 July at One Whitehall Place, London, Economic Development Minister Senator Alan Maclean and Treasury & Resources Minister Senator Philip Ozouf and addressed an audience of 90 UK intermediaries and high net worth individuals from a diverse range of sectors including aviation, ICT, mining, luxury retail and hospitality.

Attended also by Chief Minister Senator Ian Gorst and a number of representatives from Jersey's business sectors, the event featured a panel session with Assistant Economic Development Minister Deputy James Baker as well as Senators Ozouf and Maclean, facilitated by Economic Development Department CEO Mike King. 

During the session, the panellists took a number of questions from the floor and highlighted Jersey's growing links with China across the digital, retail and tourism sectors, the stability of its public finances and Jersey's approach to residency. They also emphasised Jersey's competitive advantages compared to other jurisdictions, in particular the strength of its social capital, access to government, professional infrastructure and range of expertise.

A lunch featuring Genuine Jersey produce was served at the event.

Economic Development Minister Senator Alan Maclean, said:  "We are focused on creating an environment that is attractive for new businesses to relocate to, so that we can secure high value inward investment businesses, capable of fuelling growth, creating employment, bringing new skills and diversifying the economy. Expansion into new sectors are of particular interest and Jersey has also emerged as a centre for the headquarters of mining companies, with 11 such companies establishing a presence in Jersey in the past three years.

Jersey is not only a world-class place to do business, it is also a wonderful place to live and work. These two things have always gone hand in hand. We have a long history of entrepreneurship in Jersey, which has helped us to maintain our political stability and the high standards of services and enduring natural beauty of our island. Whether it is in traditional industries such as agriculture or tourism, or in financial services and the digital economy, Jersey is committed to achieving excellence and innovation.

In addition, interest from economically active high value residents in relocating to Jersey has increased hugely. "

Treasury & Resource Minister Senator Philip Ozouf added:  "Competitive financial services and ICT industries are vital to Jersey and combined, FinTech has a significant part to play in the future success of our Island's economy. We need to encourage excellence, innovation and growth, to protect our existing finance industry, uphold our reputation and to become even more competitive.  In government we are absolutely committed to working together with the regulator and industry towards this shared goal."