Economic stimulus: budget allocation to Economic Development

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A decision made 9 February 2010 regarding: Economic stimulus: budget allocation to Economic Development - St. Aubin's Pier repairs.

Decision Reference: MD-TR-2010-0020
Decision Summary Title:	Discretionary Fiscal Stimulus – Jersey Harbours allocation via the Economic Development Department		Date of Decision Summary:	25 January 2010
Decision Summary Author:	Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Allocation of Discretionary Fiscal Stimulus Funding to the Economic Development Department in respect of an onward grant award to Jersey Harbours		Date of Written Report:	25 January 2010
Written Report Author:	Acting Programme Manager, Fiscal Stimulus		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Economic Development Department in relation to funding of the St Aubin’s Pier repairs to be undertaken by Jersey Harbours.
Decision(s): The Minister approved the allocation of £80,000 to the Economic Development Department to be awarded to Jersey Harbours by way of onward grant to enable it to proceed with the St Aubins Pier project. He further instructed the civil infrastructure project team to report on spend of all stimulus monies, and project progress/performance, on a monthly basis in accordance with guidelines set by the Treasury.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The approved funding to Jersey Harbours via the Economic Development Department totalling £80,000 will enable the pre-construction process to proceed in accordance with the critical path for delivering this stimulus project on a timely basis.
Resource Implications: No resource implications other than those already approved at the States’ debate (P55/2009) on 19th May 2009.
Action required: Economic Development Department to be informed of approval which will result in its formal allocation of a grant to Jersey Harbours by way of ministerial decision of the Minister for Economic Development. Treasury to be informed of decision to release necessary funds to the Economic Development Department budget for the purpose of making an onward grant payment to Jersey Harbours for the project.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: