Guernsey Finance support set to be early decision for States

Additional funding of £300,000 per year for three years comes to an end in January 2017.

Guernsey Finance chairman Lyndon Trott, pictured, said that the new Committee for Economic Development would be expected to return to the States to maintain or even enhance the current level of funding from government, which is also boosted by an industry levy based on employee numbers.

There is still cash available in the economic development fund which the States set aside at the beginning of the last government term, and from which the £900,000 extra backing for Guernsey Finance was drawn.

'I hope that those in a position to make that decision will recognise just how important it is to maintain that contribution,' said Deputy Trott.

'In comparison to Jersey, they have four or five times more than us to spend, and it is key that we don't just stand still, that we look to keep up with the Joneses.

'Continued promotion is a key part of our strategy.'