250 job opportunities created by new businesses in 2015

Wednesday 10 February 2016

New businesses coming to the Island created 250 job opportunities last year, and 20 new super-rich individuals moved to set up home in Jersey.

The figures have been released by Locate Jersey, the States body set up to attract incoming companies and new wealthy residents.

Economic Development Minister Lyndon Farnham said that the flow of new employers and wealthy individuals to the Island showed confidence in the Island’s future.

He said: "Building on an incredibly successful 2014, these figures paint an encouraging picture for Jersey and demonstrate that there is continued interest in moving to the Island.

“Our focus has been on ensuring Jersey offers an attractive environment both for globally-focussed businesses and those who run them.

“It is clear that our efforts are paying dividends in securing high quality inward investment business that is helping to diversify and grow our economy, increase tax yield and create job opportunities for local people.”

The stats revealed by Locate Jersey show that:

- 34 new businesses were attracted to the Island last year.

- 20 new wealthy immigrants came to Jersey.

- The new super-rich Islanders will pay a minimum of £2.5 million in tax.

- Those newcomers spent £86.5 million on property.

- That property spend generated £4.7 million in stamp duty.