Jersey must compete against many places to attract and retain companies and skilled workers. Maintaining an attractive and competitive business environment is essential if our economy is to continue to provide employment and funds for our infrastructure and services.
There are five indicators to measure progress for this outcome, although 'Business start-ups', which will gauge the level of entrepreneurial activity in the economy, is still being developed.
Each has been given a long-term ambition for the future, based on where Jersey is today and Islanders comments in the ‘My Jersey’ survey.
The recent Future Jersey consultation asked Islanders whether they agreed with the proposed ambitions and their feedback is being taken into consideration as the final vision takes shape.
Measures: % of Jersey’s workforce who hold a post-secondary educational qualification.
The facts: average skills in Jersey are improving, with each generation gaining more skills than their predecessors. However, Jersey is behind the average for UK cities and other international competitors. In 2011, 34% of our working age adults had post-secondary qualifications. Another 14% were educated to A-Level standard. 20% had no educational qualifications. Migration also shapes this profile. From 2005 to 2011, 42% of non-Jersey working age migrants had post-secondary qualifications. Nearly 20% had no qualifications.
Long-term ambition: IMPROVE
Improving our skills profile through education and migration targeted at the skills Jersey needs will benefit business growth and productivity while contributing to financial independence and other wellbeing indicators.
Measures: % of Jersey properties covered by fibre optic infrastructure.
The facts: an Island-wide roll-out of ‘fibre to the home’ has seen 24,000 Island homes and businesses connected between 2012 and 2016. The aim is to complete the programme by 2019.
Long-term ambition: CONTINUE
Jersey is third in the world for the % of broadband customers directly connected to the internet with fibre-optic cabling. Progress improves Jersey’s appeal as a place to live and do business, and creates opportunities to improve health, education, productivity and participation indicators.
Measures: % of Jersey’s working age population who are economically active.
The facts: the 2001 and 2011 censuses both showed a participation rate of 82%. Although this rate is high, about one in ten working age people were unable to work due to sickness or disability, had retired early or were looking after the home.
Long-term ambition: CONTINUE
Identifying opportunities to improve Jersey’s labour supply by removing barriers to participation could lessen demand for inward migration. This would also help benefit affordability, productivity and life satisfaction indicators. We must also consider the implications of an ageing workforce and a rise in chronic health conditions.
Measures: the annual difference between migration into and out of Jersey.
The facts: between 2009-2014, net migration averaged just over 600 a year against a planning assumption of 350+. In 2015, however, the net increase was 1,500 as our economy grew.
Long-term ambition: TRANSFORM
The level of migration seen in 2015 is unsustainable. However, employers need staff with skills and experience that are not available locally, and Islanders and their families will continue to return to Jersey. The focus must be on migration which adds the greatest economic and social value, while also promoting policies that reduce demand for new migrants, including skills investment, and manage the impact on services and the environment.
We will be an Island where people can afford a decent standard of living.Read more > >
We will benefit from a strong economy and rewarding job opportunities.Read more > >
Crime, education, discrimination, mental health and sport - find out more about the long-term ambitions being proposed for these areas of community life in Jersey.Read more > >
Interested in the long-term ambitions being proposed to improve traffic congestion in Jersey? How about water quality, the protection of green space and energy use?Read more > >