Guernsey Press

Bond money could be lent to third parties

LENDING States bond money to third parties will be investigated, the Policy & Resources president has said.

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Deputy Gavin St Pier, pictured, said that, as mentioned in the 2017 Budget, P&R was looking 'in limited and specific circumstances' at the possibility of lending to organisations that were not part of, or wholly part of, the States.

Deputy St Pier said that, while some caution was required, P&R had received a number of approaches with ideas.

'And it's a question of whether it would be appropriate to enable other projects for the benefit of the island to go ahead,' he said.

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