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About the Future Economy Programme

What is the Future Economy Programme

Jersey faces long term economic challenges, and the Future Economy Programme (FEP) exists to help ensure Islanders enjoy a better standard of living in 2040 than they do today. 

The FEP will focus on enabling this growth through three components:

  1. Economic Strategy: Setting the vision and themes for sustainable economic growth to 2040. It sets out the challenges and opportunities for growth and acts as the call to action for Jersey
  2. Economic Programmes and Projects: Delivering growth options to achieve the vision. The Delivery Framework 2023-26 is this Government’s first action plan to support growth and begin the journey towards our vision. The Delivery Framework will be updated regularly to reflect the latest actions, and progress will be tracked as part of the wider programme. 
  3. Economic Awareness: Improving insights and understanding by products such as an annual report on progress towards the vision

These components are all underpinned by economic analysis, which will support evidence-based decision making across Government and the Island

The Future Economy Programme's vision

The vision is to be a consistently high-performing, environmentally sustainable and technologically advanced small island economy by 2040. 

The vision is underpinned by five themes that collectively guide the are for an economy which is:
  • Resilient - an economy resilient to economic shocks and global trends, and agile to change
  • Innovative - an economy with a culture of entrepreneurialism and innovation
  • Skilled - a culture of lifelong learning, supporting the future needs of the Island
  • Fair - an economy with growth that benefits all Islanders equitably
  • International - protect our global reputation and diversify our export opportunities
Why we need the Future Economy Programme

Jersey boasts an economy worth over £5.7 billion per year, making our average living standard (Gross Domestic Product per person) around £55,000, which puts us among the top 20 globally. 
However, all developed economies are facing two significant challenges, and Jersey is no different: 
  • Demographic shifts – the average age of our population is increasing whilst birth rates are declining. Without net positive inward migration, the amount of people over 65 increases 50% by 2040, while the working-age population falls by 10%. This means more pressure on public services and less tax income to pay for them.
  • Weak productivity - since 1998, productivity in Jersey has fallen by around 30%. We must focus on increasing productivity in all sectors for sustainable economic growth. 

Opportunities for sustainable economic growth

To achieve sustainable economic growth we have three initiatives announced in the Delivery Framework 2023-26: 

  • The development of growth enablers
  • Increasing existing sector productivity
  • Support from an effective public sector

If you would like to contribute or have any questions, email

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