Jersey Business Limited (JBL): Annual Grant 2019

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A decision made on 8 February 2019

Decision Reference: MD-E-2019-0007
Decision Summary Title :	Jersey Business Limited- Annual Grant 2019		Date of Decision Summary:	6th February 2019
Decision Summary Author:	Director EDTSC		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Jersey Business Limited’s Business Plan 2019 Report 2019 Jersey Business Grant Award		Date of Written Report:	January 2019 January 2019
Written Report Author:	Jersey Business Limited (SD) Director EDTSC (WR)		Written Report : Public or Exempt?	Exempt (SD) Art 33 Public (WR)
Subject: Jersey Business Limited (JBL) - 2019 Annual Grant of (up to) £778,280.
Decision(s): The Minister approved an Annual Grant of (up to) £778,280 to fund the cost of: 1. delivering the objectives contained within JBL’s 2019 business plan, which includes a budgeted funding requirement of £790,000, £65,000 of which will be funded out of JB’s cash reserves and £725,000 of which will be funded by the grant award; and, 2. JBL taking-on certain of the Jersey Retail Association’s responsibilities £53,280
Reason(s) for Decision: Having considered JBL’s 2019 Business Plan, the report on the grant award and the Department’s Capability Assessment, the Minister has approved JBL’s 2019 Business Plan that maintains existing levels of service together with the proposal for taking on certain services previously undertaken by the Jersey Retail Association. The Minister approved up to £778,280 of the £843,280 budget requested to deliver the objectives contained within their plan. In making this decision JBL have agreed to fund the difference between the grant awarded and their funding request out of cash reserves.
Resource Implications: The 2019 Annual Grant of (up to) £778,280 has been identified from within the Department’s 2019 budget. There are no further financial or manpower implications.
Action required: The Director is instructed to arrange for the 2019 Annual Grant Schedule to be finalised and executed. Officers are further instructed to monitor delivery of the award and to take remedial action as appropriate through the course of the year.
Signature: Senator L J Farnham		Position: Minister for Economic Development, Tourism, Sport and Culture
Date Signed:		Date of Decision (If different from Date Signed)