NatWest International, part of RBS International, has demonstrated its continued commitment to Jersey with a £41.25 million participation in a £165 million revolving development facility to Jersey Development Company (JDC).
The financing will support a pipeline of major regeneration and development projects across the island, aligned with the Government of Jersey’s strategic priorities.
Jamie Soulsby, Real Estate Finance Director at RBS International, said: “We worked with Jersey Development Company from the outset to design a revolving credit facility that provides the flexibility needed to support its long-term development pipeline.
“It’s a structure that reflects the scale of ambition for the island and is the latest example of how we continue to support investment and sustainable growth in Jersey.”
JDC, a wholly owned subsidiary of the States of Jersey, is the Government of Jersey’s regeneration arm. It plays a central role in delivering high-quality residential and commercial developments for the benefit of the island, including regenerating the St Helier Waterfront, providing best-in-class Grade A office buildings at the IFC to support the finance industry, delivering new homes to address housing needs, and maintaining accessible public spaces.
Through this facility, JDC will be able to progress a range of developments that contribute to Jersey’s long-term economic growth and community wellbeing.
The transaction builds on RBS International’s longstanding support for infrastructure and development across Jersey, reinforcing its role as a key banking partner to the island’s public and private sectors.
