Business and government leaders gathered at the Institute of Directors Jersey debate, sponsored by Appleby, to confront the island’s economic future, expressing cautious optimism amid complex challenges.
Led by Institute of Directors (IoD) Chair Alex Ruddy and hosted by broadcaster Natasha Kaplinsky, the event highlighted global pressures mirrored locally, such as an aging population, declining birth rates, and skills shortages. Ms Ruddy called for a bold, collaborative response from Jersey’s business community and Government, urging them to embrace innovation and risk to drive growth.
A live poll conducted before and after the debate revealed that while only a small minority of attendees felt “very confident” about Jersey’s five-year economic outlook, a majority expressed at least neutral to somewhat positive sentiment. However, concerns about collaboration and government responsiveness remained. Many attendees voiced the need for a stronger public-private partnership, and post-event feedback suggested momentum for a ‘business manifesto’ ahead of next June’s election.
Key issues raised included the need to improve access to capital, reduce regulatory barriers, and promote emerging sectors. Attendees stressed the urgency of reforms in immigration, planning approvals, and education, as well as the importance of investing in digital infrastructure and modernising Jersey’s financial services image. The role of AI emerged as both a promising innovation and a potential economic disruptor requiring proactive policy planning.
Ultimately, the debate revealed a collective desire to revamp Jersey’s approach to economic development, address structural weaknesses, and safeguard the island’s identity. With issues ranging from rising public expenditure to inadequate infrastructure and a shrinking talent pool, speakers underscored the need for decisive action. The event closed on a reflective note, emphasizing that Jersey’s future success will depend on bold leadership, community engagement, and sustained collaboration across sectors.
Picture credit: Paul Wright Photographer
