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Jersey Targets Digital Industries With New Agency

by Phillip Morton, Investors

04 April 2012

A new agency, Digital Jersey, is to be established as a part of a public-private partnership aimed at promoting Jersey's digital industries - including e-gaming, e-commerce and Information and Communications Technology, on the back of Jersey's newly updated Intellectual Property legislation.

The new body, which the government said in time could be part-funded by the private sector, will promote the island externally as a digital centre of excellence. The project is as part of government efforts to diversify the island's financial services offering and to support the sector's growth.

The government explained: “Digital Jersey aims to position the island as the jurisdiction of choice for companies looking to develop in the digital economy. It will define strategy, prioritise areas that create employment and work with government to aid understanding and promote legislative and other necessary changes.”

The new body has been established with an initial budget of GBP300,000 (USD477,000) for 2012. Its set-up costs have been met by the Treasury and Resources Minister through the allocation of GBP150,000 from year-end underspends, together with GBP150,000 from the Economic Development Department.

The Minister for Economic Development, Alan Maclean, said: “The digital economy represents the most significant economic growth and job creation opportunity of recent times. It is a highly competitive market place where world-class digital infrastructure delivered at globally competitive cost is the key to success.”

“With these attributes in place, Digital Jersey will be able to secure the maximum benefit from this opportunity. In doing so, it will help diversify the economy and deliver on our major priorities in the months and years to come, the creation of high-value jobs,” he added.

The Minister for Treasury and Resources, Philip Ozouf, commented: “I am very pleased that we are able to allocate funding to support the development of Digital Jersey. This sort of investment is an essential part of our three part plan to secure Jersey’s economic future.”

TAGS: business | commerce | offshore e-commerce | Jersey | offshore | internet | education | e-commerce | gambling | offshore e-gaming | telecoms

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