Guernsey

Guernsey's government outlines economy-boost plan

Guernsey's Commerce and Employment Department has set out its priorities to try and boost the economy.

The government plans to support start-ups, promote diversity in the finance industry and grow local business.

Deputy Kevin Stewart, Minister for Commerce and Employment, said: "The strategy is not a vision for the future, it has a real focus, with targets which we are accountable for.

"There is nothing more important than our economy."

To encourage a sustainable economy, Mr Stewart said he will assist the development of new business ideas.

This includes setting up what he called Angel Fund - which would be part-States funded - to give "new and emerging businesses the money to get their ideas to market."

The existing economic sectors will be supported with new frameworks that encourage diversity and fairness.

Mr Stewart admits the strategy encompasses a big portfolio of plans, but it is "quite manageable."

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