Jersey Business Funding 2020

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A decision made on 7 February 2020

Decision Reference: MD-E-2020-0008
Decision Summary Title :	Jersey Business funding 2020		Date of Decision Summary:	31 January 2020
Decision Summary Author:	Director EDTSC		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Jersey Business Limited Business Plan 2020		Date of Written Report:	January 2020
Written Report Author:	Jersey Business Limited		Written Report : Public or Exempt?	Public
Subject: Jersey Business funding 2020.
Decision(s): The Minister approved a grant of up to £860,000 to fund the cost of delivering the objectives contained within the 2020 business plan of Jersey Business Limited (JBL).
Reason(s) for Decision: The Minister, having considered and endorsed JBL’s 2020 Business Plan and the Department’s Capability Assessment, accepted that the maximum budget requested was appropriate to deliver the objectives therein.
Resource Implications: A grant of up to £860,000 has been identified from within the Department’s 2020 budget. This includes an allocation of up to £135,000 from the £500,000 awarded for 2020 through the Government Plan 2020-23 in respect to delivery of an Economic Framework and Productivity Support. There are no further financial or manpower implications.
Action required: The Director is instructed to arrange for the Partnership Agreement to be extended for a minimum of 12-months and for the relevant 2020 Annual Grant Schedule to be finalised and executed. Officers are further instructed to monitor delivery of the award and to take action as appropriate through the course of the year.
Signature: Senator L J Farnham		Position: Minister for Economic Development, Tourism, Sport and Culture
Date Signed:		Date of Decision (If different from Date Signed)