A Record Year for Locate Guernsey
31st January 2019
Found in: Blog -
Locate Guernsey, the States of Guernsey agency responsible for advising and supporting personal and business relocations, has reported another prosperous year for relocations to Guernsey. Figures released today show a record £1.148M of benefit was returned to the exchequer from 24 relocations in 2018. Just over £800,000 of income was provided by document duty from property purchases with a further £347,000 generated by the 49 new roles relocaters created.
2018 marked the end of the initial three year budget period for Locate Guernsey. The combined results for 2016-18 show that an estimated £3.412M of total financial benefit for the States of Guernsey was generated from 67 relocations. The figure represents a 184% ROI based on the agency’s £1.2M original budget.
Locate Guernsey is part of the Committee for Economic Development, whose President, Deputy Charles Parkinson, said, ‘This is another positive set of results for Locate Guernsey and the island’s economy. New businesses and individuals arriving on the island are supporting the Open Market, helping to diversify and grow our economy, and enriching our community with knowledge and expertise. As well as the multi-million pound benefit for the States of Guernsey their impact on the economy is wider. Relocaters are also sourcing services from local businesses in our construction, hospitality, financial services and other sectors.’
Jo Stoddart, Director of Locate Guernsey, said, ‘It is thanks to the hard work of all the members of the Locate team since the agency was set up and all of our industry partners that we are reporting another record year. The recent rise in Open Market sales and a positive rush of enquiries for January already suggest that demand is continuing for 2019. More and more businesses and individuals are coming to Guernsey for the fantastic lifestyle benefits and work-life balance that the island offers.’
Locate Guernsey 2018 Results