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Jersey Announces Increase In New Business Licenses

Wednesday, January 23, 2013

Figures released by the Jersey Economic Development Department show a year-on-year increase in job opportunities created, business licences granted and a wide range of industry sectors represented.

According to the data, 44 new business licenses were granted during the year, up from 41 in 2011, 37 in 2010 and 23 in 2009.

Of the 44 licenses granted during the year, fourteen were from financial services businesses, six from the mining, oil and gas sector, five from the information technology sector, and five from retail.

A total of 428 new jobs were created during the year, substantially more than the yearly average seen since June 2008 (349.5).

Welcoming the figures, Jersey's Minister for Economic Development, Alan Maclean paid tribute to the efforts of Jersey's inward investment agency, Locate Jersey. He said: "These figures confirm that our inward investment strategy is playing a key role in delivering economic growth and diversification at a time of ongoing economic pressure."

"They are also testament to the commitment and focus of our Locate Jersey team, who continue to facilitate the relocation of individuals and their business interests to the island, in turn generating additional tax revenue and employment opportunities for local people," Maclean added.