The Guernsey Press and Star reported yesterday that the promotional body for the island’s finance industry made “a great play” at this week’s annual update of its desire to increase its £1.2m annual budget.
According to the local newspaper, a planned approach to the States of Guernsey this month has not yet materialised, but that Commerce and Employment minister Kevin Stewart said a report should be before the assemble before the end of the year.
The paper added that the minister confirmed his department would be requesting “close to £1m” over a three year period from a newly established “strategic development fund”.
Guernsey Finance chief executive Fiona Le Poidevin is also reported to have confirmed that a business case being put forward was “a targeted three-year approach aimed at breaking new markets”.
