Economic Development Strategy, comment from the Chairman
The IoD is pleased to see the release of the Economic Development Strategy, and we are broadly supportive of its aims and strategies. It is positive to note the Committee’s reaffirmation of the State’s commitment to invest 3% of GDP into infrastructure and the recognition that we need to increase the number of economic actively people on the island.
These are two themes consistent with the IoD’s views and also supported by the latest Economic Overview published on 22nd May which shows sluggish growth and overall net emigration in 2017.
The success of the plan will be in the ability of the States to turn these strategies into action. As we have previously noted the States have plenty of dry powder and this Strategy should provide the framework for its deployment.
This Strategy and Guernsey’s economic vision is central to our members' interests and we will be an active participant in helping to bring these strategies to life.
We look forward to Friday’s lunch event with Charles Parkinson; this will be an excellent opportunity to hear more about the plans and importantly when we can expect to see action. The lunchtime event is open to non-members as well as IoD members, and details can be found here.