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  1. ITV Report

24 new businesses and wealthy individuals moved to Guernsey last year

Credit: ITV Channel TV

24 new businesses and wealthy individuals moved to Guernsey last year.

Locate Guernsey, which aims to promote the island as a place to live and work, helped with the relocations, returning almost £700,000 to the States.

The figure was made up of nine personal relocations and 15 businesses.

For the Open Market and indeed for the Island economy, bringing wealthy individual and corporate newcomers into Guernsey is vital.

The Open Market has seen lower activity levels than it would like for many years, but in late 2017 and early 2018 we have seen some encouraging signs.

Locate Guernsey has an important role to play in keeping that going, as it does with the move to Guernsey of businesses, primarily export-facing, that will create new job opportunities for Islanders.

– Deputy Charles Parkinson, President of the Economic Development Committee