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Letter - Minister for Economic Development, Tourism, Sport and Culture to Economic and International Affairs Panel re Future Economy Programme Workshops - 30 June 2023

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19-21 Broad Street | St Helier Jersey | JE2 4WE

By email

30 June 2023

Dear Chair,

Future Economy Programme workshops

Thank you for your letter of 23rd June, in which you provide a number of questions with regards to the Future Economy Programme workshops. I have set out below answers to each of these in turn:

  1. The format and questions to be asked during the workshops?

Please find attached the slides used as a framework for discussion and facilitation for the external workshops run on 21 June. Depending on the audience, discussions are tailored accordingly.

  1. What efforts have been made to ensure government funded organisations are not over represented  amongst  attendees?  Furthermore  how  have  representatives  of  private companies been selected to take part?

ALOs are a major component of the Government's economic development in Jersey and their engagement is essential for developing the FEP. Many senior leaders of these organisations also have private industry experience and therefore bring broader perspectives.

Two sessions were run on 21 June: the first with ALO leaders and the second with industry leaders. This was to allow discussion to be as open and valuable as possible. The attendee list for the industry leaders session came from a mixture of individuals who made up the Economic Council, industry representative bodies, foreign consulates, and others chosen by myself and the Chief Economic Adviser. A broader range of stakeholders will be engaged via a forthcoming survey to facilitate even greater private sector input into the FEP's development.

  1. How the workshop attendees will be organised in terms of specialism/spread of expertise?

The workshop invitations for 21 June were issued to over 85 contacts spread across two workshops, with around 20-30 attending each session on the day. Seating was not pre-determined and all tables were given the same questions to respond to.

  1. What background information is being provided at those workshops on global economic trends  and  areas  of  significant  economic  growth  and  likely  impact  on  Old  Economy businesses?

As you will see from the workshop slides, the session began with a high-level overview of Jersey's economy and the challenges faced to 2040. As is often the case with economic data in Jersey, the Financial Services sector is sometimes separated to help illustrate certain points, but all sectors and industries are in scope for discussion.

Please also find attached the email invite that was sent to potential attendees which summarises the purpose of the workshops.

  1. Will participants be requested to read the reports of the Economic Council and the Jersey Innovation Review?

There  was  no  required  pre-reading  for  attendees  but  the  Outline  Economic  Strategy was hyperlinked in the invitation email. Some attendees would have already known, and even been involved in authoring, certain reports and could bring that insight to the workshops.

  1. What  efforts  have  been  made  and  expectations  set  to  identify  specific  examples  of regulation regarded by businesses as being excessively onerous across all sectors?

As you will see from the workshop slides, the sessions are designed at a high-level to allow any and all ideas for the future of Jersey's economy to be explored. There was not a specific focus on individual business regulations. As you will know, there is a related workstream on Barriers to Business  currently  underway  with  Jersey  Business  that  is  engaging  industry  specifically  on regulatory burdens.

I hope the above provides clarity to the areas you have raised. Yours sincerely,

Deputy Kirsten Morel

Deputy Chief Minister

Minister for Economic Development, Tourism, Sport, and Culture E  k.morel2@gov.je

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