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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Dairy Sector Additional Funding 2022

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A decision made on 22 September 2022

Decision Reference:  MD-ETS-2022-575

Public

Subject: Dairy Sector Additional Funding 2022

 

Report Title: Dairy Sector Additional Funding 2022 Business Case

Exempt (Article 33(b))

Decision(s):

The Minister for Economic Development, Tourism, Sport and Culture (EDTSC), approved the provision of additional funding to the Island's dairy sector, in response to exceptional climatic and economic challenges. £400,000 will be recapitalised from underspends within the Economy Department's budget, to provide increased direct support to the dairy sector in 2022.

Reason for Decision(s):

The Minister made the decision to help mitigate the significant and unprecedented cost pressures faced by the Island's dairy industry between July and December 2022, caused by a combination of extreme climate events and volatility in the global economy. Intervention in the dairy sector in a timely and targeted manner is required to ensure its ongoing viability in the short term.

Resource Implications: Transfer of £400,000 within the Economy Head of Expenditure

 

Action Required: The Accounting Officer, Economy, to arrange the transfer of funds within the EDTSC Head of Expenditure.

Signature:

 

 

Signed By: Minister for Economic Development, Tourism, Sport and Culture

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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