Jersey Finance given £4m to keep industry ‘competitive’
Monday 21st January 2013, 3:00PM GMT.
A DECISION to authorise the largest-ever States grant to Jersey Finance will help ensure the Island remains internationally competitive, according to the organisation’s chief executive Geoff Cook.
Economic Development Minister Alan Maclean signed off the grant of over £4 million last week.
The grant, which was proposed in the Medium Term Financial Plan, will not be the full extent of Jersey Finance funding.
In previous years, the money from the States has been exceeded by contributions from member firms in the form of cash subscriptions, income from events staged by Jersey Finance and pro bono contributions from the work of technical groups.