Fisheries Support Scheme: Allocation of Reserve Funding

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A decision made on 16 June 2021

Decision Reference: MD-TR-2021-0075
Decision Summary Title:	Reserve Funding for the Fisheries Support Scheme		Date of Decision Summary:	9th June 2021
Decision Summary Author:	Specialist – Business Cases		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Reserve Funding for the Fisheries Support Scheme		Date of Written Report:	9th June 2021
Written Report Author:	Specialist – Business Cases		Written Report: Public or Exempt?	Exempt (Article 34)
Subject: The allocation of up to £560,000 in 2021 from the General Reserve (Brexit) to Financial Services, Digital Economy and Economy (FSDE&E) head of expenditure for the Fisheries Support Scheme to assist with the effects of Brexit.
Decision(s): The Minister approved an allocation from the General Reserve (Brexit) in 2021 of up to £560,000 to FSDE&E head of expenditure for the Fisheries Support Scheme.
Reason(s) for Decision: Article 15(3) of the Public Finances (Jersey) Law 2019 states that the approval by the States of a Government Plan authorises the Minister to direct how an approved appropriation for a reserve head of expenditure in the plan may be spent (including on another head of expenditure) in the first financial year covered by the plan. The current Policy for Allocations from the Reserve, presented to the States Assembly as R.60/2021, sets the requirement that all allocations from the General Reserve (Brexit) are recommended for approval by the Treasurer of the States before submission to the Minister for approval. If the Minister is minded to approve a funding allocation, the draft Ministerial Decision will be circulated to the Council of Ministers five working days before a Ministerial Decision is signed and published. The Investment Appraisal Team has reviewed the business case for this request and recommended it for approval. Following this review, the Treasurer recommends that the Minister allocates funding from the General Reserve (Brexit).
Resource Implications: The FSDE&E Head of Expenditure to increase by up to £560,000 and the General Reserve (Brexit) to decrease by an equivalent amount. This decision does not change the total amount of expenditure approved by the States in the Government Plan 2021-24.
Action required: The Head of Financial Governance to advise the Specialist – Business Cases and the Head of Finance Business Partnering for FSDE&E that this decision is approved.
Signature:		Position: Deputy S J Pinel, Minister for Treasury and Resources
Date Signed:		Date of Decision: