Jersey Business: Establishment of support service intergrating Jersey Business Venture and Jersey Enterprise

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A decision made 13 December 2011:

Decision Reference: MD-E-2011-0198
Decision Summary Title :	Establishment of Jersey Business and commencement of recruitment for a Chair & Board Members		Date of Decision Summary:	9th December 2011
Decision Summary Author:	Strategic Policy Manager		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	n/a
Written Report Title :	Establishment of Jersey Business the proposed new business support service for Jersey, arising from the integration of Jersey Business Venture with Jersey Enterprise’s on-island support team		Date of Written Report:	9th December 2011
Written Report Author:	Strategic Policy Manager		Written Report : Public or Exempt?	Public
Subject: Establishment of Jersey Business, the proposed new business support service for Jersey which integrates Jersey Business Venture with Jersey Enterprise’s on-island resources, to form a new independent and confidential business information, advisory and support service in early 2012.
Decision(s): The Minister decided to establish Jersey Business and commence recruitment of the Board.
Reason(s) for Decision: In the States Annual Business Plan 2012, as part of the Department’s CSR savings, the ED Minister indicated his decision to integrate Jersey Business Venture with Jersey Enterprise’s on-island resource to form a new independent and confidential business information, advisory and support service - Jersey Business - offering a single point of entry. A joint Working Group has been operating throughout 2011 to create a new entity, governance structure and to scope new proposed service levels, that will create a new delivery organisation early in 2012 capable of providing local businesses with a leading edge business advisory and support service. This decision will allow the immediate recruitment of a new Chair and Board Members for Jersey Business to begin, and for future recruitment with the Board’s assistance, of an appropriate organisation and management structure.
Resource Implications: The Chair of Jersey Business will receive an honorarium of £10, 000 in return for a commitment of around 20 working days per annum. Other Directors will be paid a daily rate of £450, paid pro-rata for attendance by half day or part thereof. For Jersey Business as a whole, initial savings will be secured along with the elimination of potential duplication of services, premises and clients. The overall cost saving to the States is likely to be in the region of £150,000 per annum.
Action required: The Minister will instruct the Strategic Policy Manager to establish Jersey Business and commence recruitment.
Signature: Senator Alan Maclean		Position: Minister for Economic Development
Date Signed:		Date of Decision (If different from Date Signed):