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Guernsey Law Officers announce first-time forfeited asset sharing with the United States
Friday 08 December 2017

Guernsey has today announced during a visit to the Department of Justice in Washington D.C. that it will share with the United States government approximately $14.3 million recovered while assisting U.S. prosecutors and investigators with two U.S. criminal cases in which money was laundered via Guernsey.

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Under 21 Contraception Pilot
Thursday 07 December 2017

The Committee for Employment & Social Security and the Committee for Health & Social Care have launched a pilot to provide free contraceptive services to women under the age of 21.

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Gross Domestic Product estimates increase following methodology update
Thursday 07 December 2017

Guernsey will now have a more accurate picture of what its economy looks like following work to update the methodology by which Gross Domestic Product is calculated, aligning the island to international standards.

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Digital Sector Strategic Framework published

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A document detailing how government is going to support the development of the digital economy over the next decade has been published.

The Digital Sector Strategic Framework sets out 10 strategic actions for the States of Guernsey. These include:

It is expected that actions from the framework, which will form part of the Committee for Economic Development's work on the Policy & Resource Plan, to be debated in June, will help generate increased economic revenue in terms of tax take from sector growth and new job creation.

Deputy Andrea Dudley-Owen, the Committee for Economic Development member who leads on digital, said Guernsey was well-placed to seize opportunities that the growing digital sector offers.

'The information services sector was Guernsey's third largest in terms of employment in 2015, with more than 1,000 people working in it. We hope this figure will grow within the next decade. The upskilling of our current workforce and students is I believe essential to support this growth. If this can be achieved, the increase in value to the economy and government revenues would be significant. As such this framework, and the action plans that will be generated as a result of it, is a critical priority for the Committee for Economic Development.'

The digital economy is a catch-all term, which includes sectors such as; IT support services, software and web developers, creative digital designers, finance technology (FinTech), data centres and telecoms operators.

Colin Vaudin, States of Guernsey Chief Information Officer, said the aim is to develop Guernsey into a location of choice for high-value, low impact, digital businesses, a centre of excellence in FinTech, and a recognised test-bed location for new products.

'The recently-announced first commercial deployment of blockchain technology is proof that Guernsey has the necessary regulatory framework and infrastructure for innovation today. This framework will support government and business as they look to capitalise on the significant opportunities that exist in this fast-growing sector in the years to come. For technology firms Guernsey is a great place to do business today, this framework aims to help the island become a global leader in the future.'

 

 

Downloads

Digital Framework April 2017

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