The Voice of Guernsey Business Insight Report, jointly conducted by eight local associations and representing the island's business and charity sectors, has identified six policy areas for election candidates to consider.
Housing & Cost of Living, the Education & Skills Gap, Tax & Economic Development, Connectivity, Tourism & Transport Links, Government Delivery and Public Spending are highlighted as the most critical challenges holding back economic growth.
The research was undertaken to identify policy priorities for government action and educate potential candidates in the 2025 general election about the most pressing issues shaping Guernsey's economy. The associations, which collectively represent approximately 1,000 companies and around 20,000 employees, also hope that voters will analyse manifestos through the lens of these themes.
The Chamber of Commerce, Guernsey International Business Association, Hospitality Association, Construction Forum, Institute of Directors, Guernsey Retail Group, Confederation of Guernsey Industry and the Association of Guernsey Charities – the G8 - have been working together to drive positive change for the community.
The report, which will be published later in April, will provide a comprehensive overview of the challenges hindering growth. A briefing for candidates will take place on 2nd May.
‘We urge all candidates to consider their responses to the six key themes identified in their research as they consider their policy positions and write their manifestos,' said a spokesperson for the G8.
'We ask islanders who are considering whether to stand for election to think carefully about these priorities – because these complex and interwoven policy areas are currently hindering our community's economic and social success.
'Despite these challenges, businesses are optimistic that targeted reforms can release significant economic potential. However, we need our next cohort of Deputies to be willing and able to tackle these issues head-on.'
The survey engaged nearly 400 participants, from 20 different industries, and represents businesses of all sizes, ensuring a well-balanced refection of Guernsey's business landscape. The charity community also participated, representing the island's third sector.
Key findings include:
- Housing & Cost of Living: Housing remains the most significant barrier to attracting and retaining talent. Housing affordability, availability and quality are top concerns for businesses, and alleviating cost-of-living pressures for the younger generation are crucial.
- Education & Skills Gap: Skills shortages and an ageing workforce pose long-term risks to Guernsey's economy. To mitigate these risks, investment in education and training.
- Tax & Economic Development: Opinions on changes to the island’s tax regime are divided, but there is strong support for change. A balanced taxation and public spending approach is necessary to foster economic growth.
- Connectivity, Tourism & Transport Links: Issues with air and sea links are affecting business operations, tourism, and economic growth. Reliability, affordability, frequency, and capacity of transport services are significant challenges that need to be quickly addressed to ensure sustainable economic development.
- Government Delivery: Government inefficiency and slow decision-making are significant obstacles to progress. Businesses are calling for collaborative leadership, efficient decision-making and targeted policy action to unlock Guernsey's economic potential.
- Public Spending: Respondents noted that efficiency within the civil service can be improved, but it should be balanced with investment in infrastructure, education, transport, and digital connectivity.