New group aims to grow island's economy
It aims to attract investment, reduce red tape and tackle inflationary pressures.
**New group set up to boost island economy**
The chief minister said the group would promote growth across every part of the economy.
A new group has been created to expand Jersey’s economy.
Officials said the economic growth group would coordinate action across government departments, back key industries, attract investment, cut red tape for businesses and help address inflationary pressures.
The chief minister said deputy Gerald Voisin would head the group, which would meet every month. Senator Lyndon Farnham said: "We've seen the financial professional services industry growing considerably, but we've seen much smaller growth than the rest of the local economy.
"I've asked Gerald Voisin and his team to address that and bring forward plans that will encourage growth right across the local economy and every part of it."
Speaking at a Chamber of Commerce lunch, Farnham said the programme would be a priority for the government to protect and grow the island's financial and professional services sector.
"It has focused on keeping Jersey internationally competitive by maintaining a stable tax environment, reducing unnecessary costs and barriers to doing business, embracing digital innovation and strengthening our ability to attract new investment and businesses to the island," he said.
"Digital business, technology, tourism, agriculture, retail, hospitality, and other new areas of enterprise all have a very important part to play."