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Success for inward investment team

03 February 2012

Providing a benchmark for Jersey against global competitors, the findings of the review identified areas to develop to ensure Jersey maximises its inward investment opportunities.

The report noted a number of successes for the team between 2008 and 2010:

  • 87 new companies were established on the island

  • 900 job opportunities were created

  • there was an annual increase in new enquiries and total enquiries handled

  • business was attracted from oil, gas and mining, retail, fulfillment and e-gaming sectors

  • the team’s enquiry handling process was scored as robust and effective with a very high degree of customer satisfaction

  • the team provided outstanding service and generated significant added value for the economy

The Minister for Economic Development, Senator Alan Maclean, said “Economic development in terms of business growth, diversification and job creation is the cornerstone of our future growth strategy. This report confirms that inward investment plays a key role in achieving our goals, particularly when you note that of the 900 jobs licensed over the past 3 years, the vast majority are for locally qualified people.”

Jersey Enterprise is now working on its inward investment strategy for 2012-2014.  From 1 March 2012, the inward investment services provided by Jersey Enterprise will be renamed ‘Locate Jersey’.

The Director of Inward Investment & International Trade at Jersey Enterprise, Wayne Gallichan, says “We have had a successful 4 years and the priority now is to build on the strong foundation and maintain momentum. 

"Jersey’s reputation as being ‘Open for Business’ is a strong message. As 'Locate Jersey’, we are focusing on our off-island network development and communications, the development of a robust on-island business ambassador network and the nurturing of a strong aftercare service for those that have already been attracted to the Island.”

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