06 May 2022
A vision for Jersey to become a consistently high-performing, environmentally-sustainable and technologically-advanced small island economy by 2040 has been set out in a strategy which has been published today (Friday 6 May).
The Outline Economic Strategy for Jersey 2022 – 2040 is based on data collection and analysis over the past two years, and presents an economy-wide (rather than sector-specific) direction of the next 20 years.
It presents five missions for Jersey's economy by 2040:
- to be a fair economy, with fair access for all Islanders to educational, housing and employment opportunities, collectively benefiting from the green transition and technology revolution
- to be an international economy, which is outward facing, globally connected and that attracts diverse talent and investment
- to be skills-led, where people are the key asset which drives competitiveness and socially-cohesive growth
- to be resilient to economic shocks and agile to change
- to be a recognised innovation hub, driven by investment in new opportunities and market-making processes, products and services
Senator Lyndon Farnham said: "This strategy will inspire action across the public, private and voluntary sectors to build our future high-performing, resilient economy. It is the culmination of a great deal of background work over this Council of Ministers' term of office.
"The strategy will enable the activities of the Government of Jersey, arms-length organisations, and the private sector to be coordinated behind a collective vision, milestones and performance indicators.
"I'm pleased to provide this vision and a set of tools to shape and inform the policies of the next Council of Ministers."
The Assistant Minister, Deputy Kirsten Morel, said: "This outline strategy provides the North Star that we know businesses have been asking for. The vision of an environmentally-sustainable and technologically-advanced island economy is one that all Islanders can now aim for, and which will give strength to the Island in the challenging years ahead."
Outline Economic Strategy for Jersey
gov.je