£505,000 boost for Jersey Finance

Friday 13th June 2008, 3:00PM BST.

JERSEY Finance has been given an extra half-million of States money — despite calls for more funding to come from the finance industry.

Economic Development Minister Philip Ozouf yesterday signed off the transfer of £505,000 from the department’s economic growth plan capital funds.

The funds will be put towards marketing Jersey overseas, specifically in India, China, the Middle East and London.
Part of the money — £110,000 — will fund the new post of project manager at Jersey Finance.

Chief executive Geoff Cook said that a head of special projects was needed because the technical staff already employed by the organisation were fully occupied with consultations on chan-ges to Jersey financial services law. ‘There is such a lot to do on the research side,’ he said, ‘and we feel we are moving too slowly.’

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1
gino risoli

June 14, 2008 at 6:38 pm

Development Minister Philip Ozouf is very liberal with our money. the finance industry seems to recieve effortless help from our government whilst other departments have to struggle.

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