Super League Triathlon Jersey Limited
Written Report – TDF Super League Triathlon Jersey
Following a number of meetings and presentations to Ministers and Visit Jersey Limited the Minister provided Super League Triathlon Jersey Limited with a letter indicating he would be supportive in principle of them applying to the Tourism Development Fund to secure financial support for the Super League Triathlon to host an event in Jersey in September 2017. The letter made clear that any support would be conditional upon the completion of further due diligence, a number of safeguards being put in place, and further conditions being satisfied.
The Advisory Panel, at its meeting of 12th July 2017, agreed with the Minister for Economic Development, Tourism, Sport and Culture that, in principle, a grant of £200,000 should be made to Super League Triathlon Jersey Limited. The Advisory Panel’s view was based upon the premise that the grant would be payable on a post-event basis. It was further based on advice from Visit Jersey Limited that the event had the potential to be ‘wonderful for Jersey and to bring 2,000 visitors to the Island in the first year. These visitors would be anticipated to spend approximately £800,000, based on the average spend of £400 per visitor’. It was also noted that ‘as the event was planned for September, it would enhance ‘shoulder month’ tourism and initial feedback received from hoteliers was that they were enthusiastic at the prospect of the Island hosting the event’.
Subsequent discussions with Super League Triathlon Jersey Limited made clear that, as the majority of the cost of staging were incurred pre-event, a phased release of any agreed funds would be necessary. Visit Jersey Limited’s input has been sought on the benefits and Key Performance Indicators (KPI’s) to feature in the Grant Agreement. Prior to issuing the Grant Agreement, the Department will undertake and complete a comprehensive due diligence exercise to ensure appropriate safeguards to protect public money are in place as well as clear criteria set by Visit Jersey Limited to measure and evaluate the return on investment. Phased release of grant funding will not commence until the department is satisfied both that the organiser is well placed to deliver the event on the specified date and in the terms and scale described, and also that satisfactory arrangements have been made to deliver associated benefits (e.g. media coverage).
Subject to the completion of due diligence to the Department’s satisfaction, the Minister for Economic Development, Tourism, Sport and Culture may offer a grant of up to £200,000 to secure the hosting of the Super League Triathlon in Jersey in September 2017.