Jersey Retail Association: Grant

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A decision made 20 July 2017:

Decision Reference: MD-E-2017-0028
Decision Summary Title :	Jersey Retail Association One-off Grant 2017		Date of Decision Summary:	4th July 2017
Decision Summary Author:	Director of Strategy & Policy Development		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Jersey Retail Association Business Plan 2017		Date of Written Report:	10th May 2017
Written Report Author:	Jersey Retail Association		Written Report : Public or Exempt?	Exempt FoI Article 33(b)
Subject: Jersey Retail Association one-off grant of up to £100,000.
Decision(s): The Minister after speaking to the Chair of the Jersey Retail Association (JRA), and after being appraised of the project risks, approved a one-off grant up to £100,000 for the Jersey Retail Association to fund the cost of delivering its 2017-2018 business plan objectives. The Minister approved the grant on the condition this is a one-off grant and all future funding needs must be raised through membership fees and/or other JRA activity.
Reason(s) for Decision: The JRA has been established in order to be the voice of retailing, improve the productivity and raise the profile of the sector in Jersey. The JRA is a membership organisation which within one year aims to raise sufficient income from membership fees and events to cover future annual operating costs. The approval of this one-off grant provides the JRA with sufficient funds for the organisation to secure income levels to be self-funding by the end of 2018 and not reliant on government support beyond this one-off grant.
Resource Implications: The 2017 grant of up to £100,000 is an approved carry forward from 2016 and not funded from the Department’s 2017 budget.
Action required: The Director of Strategy & Policy Development is instructed to prepare and agree a grant agreement with the JRA.
Signature: Senator L J Farnham		Position: Minister for Economic Development, Tourism, Sport and Culture
Date Signed:		Date of Decision (If different from Date Signed)