Finance promotion in Guernsey set for an extra £900,000
Friday 1st November 2013, 11:00AM GMT.
PROMOTION of Guernsey financial services could be set for a £900,000 boost if the States agrees.
The Commerce and Employment Department wants Guernsey Finance, the industry’s promotional body, to get £900,000 from the States Strategic Development Fund for a three-year push into two new and ‘strategically important’ markets.
But it has not said where they are for fear of losing competitive advantage.
The proposal has been in gestation for the best part of a year but the Treasury and Resources Department, although supportive, has expressed some doubts about the application and wants indsutry to contribute as well.
It will be debated at the December States meeting.