25 March 2026
The Council of Ministers welcomes the States Assembly’s decision today to approve the establishment of the Jersey Capital Investment Fund, JCIF.
This is a major step in delivering Investing in Jersey, the Council of Ministers’ long-term vision to strengthen and safeguard the Island’s infrastructure for future generations.
The Assembly voted to amend the Public Finances (Jersey) Law 2019 (PFL) to replace the existing Consolidated Fund (CF) with two new funds:
The JCIF will be a ringfenced fund that will protect infrastructure investment from short-term budget pressures and ensure resources are allocated for maintaining and renewing public assets.
Any capital underspends will be retained within the JCIF, reinforcing long-term financial discipline and ensuring future investment is not diverted to meet short-term pressures.
The Minister for Treasury & Resources, Deputy Elaine Millar, said: “I welcome today’s decision by the Assembly to approve a fundamental reform that will strengthen Jersey’s public finances for decades to come.”
The Chief Minister, Deputy Lyndon Farnham, said: “The creation of this new fund means we can now accelerate delivery of the Investing in Jersey programme, launched last summer. It sets clear priorities for capital projects in housing, schools and youth projects, public spaces and sports facilities, the extension of mains water and drainage to all homes and businesses, and the renewal and improvement of our road networks. Together, these investments will enhance the quality of our essential infrastructure and public realm for decades to come.”
The Minister for Infrastructure, Constable Andy Jehan, said: “I am delighted that the States Assembly has backed this important reform. Our infrastructure underpins everything we do as a community, and it must be cared for responsibly and predictably.”
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