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WQ.99/2025
WRITTEN QUESTION TO THE MINISTER FOR SUSTAINABLE ECONOMIC
DEVELOPMENT
BY DEPUTY K.M. WILSON OF ST. CLEMENT
QUESTION SUBMITTED ON MONDAY 3rd MARCH 2025 ANSWER TO BE TABLED ON MONDAY 10thMARCH 2025
Question
"Will the Minister state –
- how many new businesses commenced trading in 2024 and, to date, 2025;
- how many of these new businesses have received financial support from Government in the form of a loan or grant; and
- in what sector of the economy these new businesses have been established?"
Answer
- 2024 – 841 new resident business licences were granted
2025 (as of 4/3/25) – 173 new resident business licences have been granted
- Financial support from Government would be limited to the Agriculture and Fishing sectors. The Rural Support Scheme has seen an increase in the number of recipients rising from 64 in 2023 to 80 in 2024 and up to 106 in 2025 with an increase also noted amongst the Marine Support Scheme.
8 applications to these schemes represent businesses established since the 1st January 2024 with the remaining increase from amongst established businesses that are now accessing the scheme.
Industry code 2007 | 2024 | 2025 |
Agriculture and fishing | 34 | 5 |
Computer and related activities | 38 | 6 |
Construction and quarrying | 102 | 25 |
Education, health and other services | 222 | 56 |
Electricity, gas and water supply | 0 | 1 |
Financial and legal activities | 38 | 5 |
Hotels, restaurants and bars | 37 | 6 |
Manufacturing | 41 | 5 |
Real estate and other business activities | 225 | 41 |
Transport, storage and communication | 16 | 6 |
Wholesale and retail trades | 88 | 17 |