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review of Island's current and projected industries

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WQ.445/2020

WRITTEN QUESTION TO THE

MINISTER FOR ECONOMIC DEVELOPMENT, TOURISM, SPORT AND CULTURE

BY DEPUTY M.R. HIGGINS OF ST. HELIER

ANSWER TO BE TABLED ON TUESDAY 17th NOVEMBER 2020

Question

Will the Minister agree to commission reports on the Island's current and projected industries (including Finance, Agriculture, Hospitality, Aquaculture, Digital, and Fintech), ensuring that these reports include a cost-benefit analysis of each industry that takes into account not only their contribution in financial, economic and employment terms, but also the associated costs (such as the level of subsidy, if any, provided by Government) and their environmental impact (such as the level of pollution); and if not, why not?

Answer

Most of this work is already under way and will be delivered as part of the Future Economy Programme but the Minister will give consideration to extending this work in view of the Deputy 's request.

The Future Economy Programme is a major and wide-ranging piece of work intended to provide a clear overview of Jersey's economic ecosystem, identify threats, constraints and opportunities, and determine how new and existing sectors might best evolve and the relative roles of both Government and industry. One of its aims is to design and deliver initiatives to improve productivity, support a sustainable and vibrant economy, and to provide a skilled workforce for the future.