Jersey’s Strategy and Delivery Framework for sustainable economic development has been published.
The Strategy that sets the direction for Jersey’s economy, and the Delivery Framework that describes the next steps that will enable long-term sustainable economic development, have been published as the foundation documents of the Future Economy Programme.
The Strategy for Sustainable Economic Development sets out how Jersey’s economy will:
- grow in ways that benefit all Islanders.
- have a culture of entrepreneurialism and innovation.
- be skilled and at ease with a culture of lifelong learning to supporting the future needs of the Island.
- be international, protecting our global reputation and diversifying our export opportunities.
- be resilient to economic shocks and global trends, and agile to change.
The Delivery Framework for Sustainable Economic Development sets out this Government’s plan to maximise the potential of the existing economy, and optimises new opportunities to grow and complement our strengths by:
- developing growth enablers, such as enabling Jersey’s entrepreneurial spirit, supporting renewable energy, international connectivity and research and development
- increasing existing sector productivity
- providing support from an effective public sector
The Minister for Sustainable Economic Development, Deputy Kirsten Morel (pictured), said: “Today’s publication is a vital step towards Jersey becoming the consistently high-performing, environmentally sustainable and technologically advanced small island economy by 2040 that we need to become.
“By achieving this vision, we will not only develop an economy that supports the Island’s growing healthcare costs but will also create an island that is increasingly attractive to people, most importantly, ensuring that Jersey remains attractive to its young people, so they continue to choose to live and work here.
“One of the key components of the Strategy is the need to reignite Jersey’s entrepreneurial spirit . This is a call that needs to be answered by everyone. Private businesses and individuals may already have it, but it needs to spread to us all, including to arm’s length bodies and the public sector. By being more innovative, having a better understanding of risk, and becoming more creative, I believe Jersey can continue to be one of the world’s most propserous economies.
“All of this requires a change in culture which will take time and focus. So, while today’s publication is a significant step, it is only one step. There will be many more in the coming months and years but all of them will add up to an increasingly prosperous and sustainable Island.”