Chief Minister’s
Ministerial Decision Report
EPGDP funding allocation CMD 05 – iNTERNET OF THINGS LAB
- Purpose of Report
To enable the Chief Minister to approve a non-recurring budget transfer of up to £499,000 in 2018 and up to £30,000 in 2019 to the Chief Minister’s Department for revenue head of expenditure from the Economic and Productivity Growth Drawdown Provision (EPGDP) within Central Contingencies.
- Background
Overview
Following review and recommendation by the EPGDP Officer Group, the Economic Policy Political Oversight Group (EPPOG) recommended that the Treasury Minister should approve funding for proposal CMD 05 – Internet of Things Lab from the EPGDP.
EPGDP Funding will be utilised to create a dedicated Internet of Things (IoT) Lab. The IoT Lab will offer access to c.10GB internet speeds, a data platform for analysing large data sets collected from IoT sensors and communal workshop space for building and testing IoT devices.
The IoT Lab will provide a focal point for businesses to: work together, share resources, apply research to real-life scenarios and turn IoT ideas into commercial ventures. The Lab will complement the Digital Hub and the Barclays Eagle Lab – existing co-working facilities - by providing a dedicated workspace for building and testing IoT sensors.
Financial Analysis
| 2017 | 2018 | 2019 | Total |
IoT Lab (building and software costs) | - | 449,000 | - | 449,000 |
Staff* | - | 35,000 | - | 35,000 |
Marketing | - | 15,000 | - | 15,000 |
Evaluation | - | - | 30,000 | 30,000 |
Total | - | 499,000 | 30,000 | 529,000 |
*There are no States of Jersey FTE requirements. Funding for staffing beyond 2018 will be met by revenue from the Lab and Digital Jersey
3. Recommendation
The Minister is recommended to accept a non-recurring budget transfer of up to £499,000 in 2018, up to £30,000 in 2019 to the Chief Minister’s Department revenue head of expenditure from the EPGDP within Central Contingencies.
4. Reason for Decision
Article 17(2) of the Public Finances (Jersey) Law 2005 states that the Minister for Treasury and Resources is authorised to approve the transfer from contingency expenditure to heads of expenditure of amounts not exceeding, in total, the amount available for contingency expenditure in a financial year.
5. Resource Implications
The Chief Minister’s Department revenue head of expenditure will increase, on a non-recurring basis, by up to £499,000 in 2018 and up to £30,000 in 2019.
The EPGDP within Central Contingences will decrease by the same amounts.
This decision does not change the total amount of expenditure approved by the States in the Medium Term Financial Plan.
Report author : | Document date 13 November 2017 |
Quality Assurance / Review : Head of Decision Support | File name and path: |
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