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  1. ITV Report

Poor transport links could cost Guernsey economy £100m pa by 2024

Credit: ITV Channel TV

Poor transport links in Guernsey could end up costing the island's economy £100 million per year by 2024.

That is according to a survey by the Institute of Directors and the Chambers of Commerce.

Almost 500 people completed the review into the air and sea links to and from Guernsey.

A majority of those responding said the links had negatively impacted the economy and improvements needed to happen to increase confidence in the island's future.

The survey in particular looked into the island's London services and it identified a need for:

  • Competitive fares (80%)
  • An airline providing domestic and international connections (52%)
  • A choice of airlines (40%)
  • Heathrow or London City Service (34% each)

Concerns were also raised about the negative impact of increasing prices and reducing schedules for the Jersey to Guernsey route.

The IOD and Chamber of Commerce has predicted that there will be a 0.25% negative impact on GDP - the value of all goods and services - by 2024.

A member of the Chamber of Commerce has said that the survey has clearly shown how critical off-island connections are to the business community.

Whether travelling off island or bringing others to the island, the strength of the islands' businesses depends on their ability to connect to build substantive business relationships with those off island, especially in London and Jersey.

– Barrie Baxter, Chamber of Commerce