Cash boost for Jersey Finance

Thursday 1st July 2010, 3:00PM BST.

Jersey Finance chief executive Geoff Cook

ANOTHER £100,000 of taxpayers’ money is to be invested into trying to attract new business into the Island’s major industry.

Jersey Finance is to receive the six-figure sum to support its work in emerging markets from the States fiscal stimulus fund. The money is earmarked to ‘protect and develop’ the Island’s financial services sector.

The latest £100,000 is in addition to £230,000 already allocated to fund Jersey Finance’s third overseas office during 2011.

The new money will be used for marketing initiatives aimed at key emerging markets. It will pay for new sections on the Jersey Finance website and the use of local agencies for public relations support on the ground in India and Hong Kong.

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1
Paul Jones

July 2, 2010 at 8:28 pm

What a complete waste of money. When will the States start spending our money on real value-adding activities? Hasn’t JF had enough already, plus the huge amounts of money from the finance industry?

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