The Chief Executive of the States of Jersey instructed DTZ to carry out an independent external review of the Waterfront Enterprise Board (WEB). The review covers:
a) A review and evaluation of the past and current performance of the Waterfront Enterprise Board in the promotion and delivery of regeneration projects in the St Helier Waterfront area, including:
- what WEB has delivered
- the benefits delivered to the States of Jersey as a result
- the current financial structure of WEB, and its contract commitments
b) A review of the structure and levels of staffing within WEB and advice to the Minister on how this compares with comparable development companies.
c) A review of the current activities of the Waterfront Enterprise Board in respect of regeneration master planning, development promotion, project specification, project implementation and exploitation; and advice to the Chief Minister on which activities are appropriate to the proposed operation of the SoJDC and where those activities not thought to be appropriate should be undertaken.
d) A review of the current assets held by WEB, their tenure and value, income generation and holding costs and advice to the Chief Minister as to which assets should be retained in SoJDC, which should transfer to the Public and the timing of such transfers.
e) Development of established clear protocols for the transfer of assets between Jersey Property Holdings (JPH) and the Company.
f) Development of a detailed risk management regime that includes individual project Risk Management Plans.
g) A review of the capacity of the SoJDC to purchase privately-owned assets and advice on the protocols required to ensure the most effective vehicle is used to effect such purchases.