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Home Business News

Alderney launches campaign to attract new business ventures

August 4, 2023
in Alderney & Sark News, Business News
Alderney
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‘Alderney is open for business’ is a new campaign spearheaded by the Alderney Chamber of Commerce, aimed at attracting new business ventures, professionals and entrepreneurs to the island.

To set the scene and identify business opportunities in Alderney, Chamber is currently undertaking a survey encouraging its members and Alderney residents to identify the type of new businesses which would benefit the island’s economy by complementing rather than competing with, existing business operations.

The results of this survey will be made public and will also be submitted to the States of Alderney Economic Development Committee.

To help new business ventures off the ground and to simplify the process of setting up their operations, Chamber has gone a step further by producing a practical guide: ‘Guide to setting up a business in Alderney’ which is now published on their website.

Ten simple steps to setting up a business in Alderney

The guide provides important facts and hyperlinks to the respective websites, documents and authorities, and outlines the ten steps required to set up a business on the island:

  1. Find out about relocating and living in Alderney
  2. Decide what type of business you intend to operate
  3. Decide on your business structure
  4. Register your business (limited company or other)
  5. Find your business premise
  6. Open your business bank account
  7. Do you qualify for business grants and support?
  8. Recruiting and employing staff
  9. Annual tax returns & social security contributions
  10. Promote your business across the bailiwick and beyond

Another useful page on this website is ‘Opportunities’, featuring well-established businesses for sale as well as commercial property for sale or rent.

Chamber President Andrew Eggleston explained: “We want to secure a healthy and sustainable economy by encouraging new business ventures. Setting up a business in a different jurisdiction can be quite a challenge and we hope this guide will simplify and clarify the process.

“We are working closely with the States of Alderney’s recently formed Economic Development Committee EDC) to actively encourage and support new business ventures here in Alderney and will assist with practical advice whenever possible.”

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Sue Fitzgerald

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