States funding vote shows confidence in finance industry

STATES support for extra funding for Guernsey Finance is a sign of support for the finance industry as a whole, according to the chairman of the promotional agency.

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STATES support for extra funding for Guernsey Finance is a sign of support for the finance industry as a whole, according to the chairman of the promotional agency.

Jim Gilligan, pictured, said he was delighted by the unanimous vote to support Guernsey Finance’s overseas work with an extra £300,000 a year for the next three years, drawn from the £3m. States Strategic Development Fund.

‘This decision demonstrates the States’ clear support for the finance industry in general and Guernsey Finance in particular,’ he said.

‘The finance industry remains the key driver of the Guernsey economy and not only does it help sustain other service industries, such as restaurants, hotels, taxis and retail, but it also – through individual and corporate taxation – helps to fund our public services such as health and education.

‘Therefore, today’s decision to further invest in promoting Guernsey’s finance industry internationally is one which is for the long-term benefit of all our future living standards.’

Comments for: "States funding vote shows confidence in finance industry"

Futu

errr, no, it doesn't, it shows we're terrified of losing it and will do anything to hang onto it as there's absolutely no plan B....

and if St Kev stays in charge, there never bl**dy will be, either.

Simon

You're obviously not content or satisfied with his carefully considered and well thought out "introduction to Project Proteus" then?

Haha!