Jersey Business Limited has published its first business plan, covering the next three years from 2013. The independent, grant-funded company describes its main aim through that period as supporting the creation and development of enterprise for the social and economic benefit of Jersey. The Business Plan 2013 ? 2015 lists its objectives as to:
(A) Provide pre-start advice and support to those considering an enterprise.
In part, this advice will inform the decision of entrepreneurs as to whether they are ready to commence an undertaking. For those who are ready, JBL will act as a guide, or if needed, facilitate a mentoring system, in order to give its clients the best possible chance of success.
(B) Aid the development of existing businesses.
JBL will offer respected expertise, support and advice to assist trading entities in making, and then implementing, the necessary decisions to sustain or grow their businesses.
(C) Support the removal of barriers to the development of economic activity.
Provide a mechanism for the identification of issues that hinder or restrict the development of economic activity in Jersey and to communicate, with recommendations, such issues to the States of Jersey and/or other relevant bodies.
(D) Stimulate and support the availability of funding for sustainable business activity.
JBL will do all it can to directly stimulate new funding sources for businesses; that will include determining a suitable vehicle from which to provide funding itself.
(E) Promote the role of business in the Jersey economy and society overall.
This goes deeper than simply championing business success, either in terms of performance or community work. As well as doing that, JBL will act as an ambassador for the importance of business to our society, such as helping to promote entrepreneurialism in schools.
Chairman of Jersey Business, Peter Funk, commented:
?The Board of Jersey Business was appointed in 2012 and we have made considerable progress in advancing our primary objective, which is to support local enterprise. As well as establishing our infrastructure, staffing and business plan we have been providing advice, assistance and support to a wide range of businesses on a day to day basis. The trading climate continues to be very tough, but we have put together a three-year plan which will support, stimulate and develop the Island?s businesses through what will be a crucial period in the development of the Island?s economy?.
Chief Executive Officer, Andy Cook, added:
?Our business plan sets out how we intend to achieve our objectives over the next three years. We will focus on enhancing the success of our clients and the delivery of various activities that provide cross sector benefits; thereby supporting the development of economic and social prosperity in Jersey. A key area that impacts across sectors and business size is the issue of funding, in particular, access to funding. Whilst Jersey Business intends to look at business funding in more depth, one of the actions it can take quickly is to create a ?Bill Board? to assist in the connection between those seeking funding and existing lenders. Such an approach seeks to ease the flow of available finance to businesses.?
Jersey Business is an independent organisation funded via an annual grant from the States. It brings together the services previously provided by Jersey Enterprise and Jersey Business Venture, and is now based at 31, The Parade, following a move just before Christmas.
Businesses can sign up for the latest support information and updates at www.jerseybusiness.je
Category: Finance & Business
Source: http://jersey.isle-news.com/archives/jersey-business-publishes-three-year-plan/15513/
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