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Pilot project fund to Oceanlab

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WQ.429/2024

WRITTEN QUESTION TO THE CHIEF MINISTER

BY DEPUTY R.S. KOVACS OF ST. SAVIOUR QUESTION SUBMITTED ON MONDAY 25th NOVEMBER 2024 ANSWER TO BE TABLED ON MONDAY 2nd DECEMBER 2024

Question

"Further to Written Question 412/2024 regarding the Chief Minister's Pilot Project Fund, and the allocation of £347,000 to Oceanslab (yacht sponsorship) in 2023, will the Chief Minister advise –

  1. who applied for the funding;
  2. what the application process entailed;
  3. whether a cost benefit analysis was carried out and if so, what the results were; and
  4. what benefits, if any, Jersey and the local community have gained, or are expected to gain from this project?"

Answer

  1. A partnership agreement was entered into with PS Racing Limited, representing and managing OceansLab.
  2. A business case was submitted and approved by the then Chief Minister, Deputy Kristina Moore , and relevant Accountable Officer. This included an explanation of project benefits, project costs, and project deliverables. Supporting materials were also provided to Government from OceansLab.
  3. See (b) and (d)
  4. The partnership agreement included an educational programme, hospitality rights and image rights. An evaluation of the outcomes against the partnership agreement will be undertaken.