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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

Fiscal Stimulus Fund deadline

Dec 15, 2020


Organisations who want to apply for funding through the Fiscal Stimulus Fund have until 31 December 2020 to submit an Expression of Interest for the first tranche of funding totalling £25 million.

The £50 million Fiscal Stimulus Fund (FSF) was announced as part of the Fiscal Stimulus Package in July, and funding was approved by the States Assembly in November. It is designed to provide funding for projects that will stimulate the Island’s economy to recover from the impact of COVID-19.

Government departments, arms-lengths organisations, and not-for profit organisations can apply for projects which are small-scale (worth less than £5 million) and are timely (expected to be completed by December 2021).

To date, the Fiscal Stimulus Fund has received 32 enquiries, and 14 completed Expressions of Interest, worth £16.2m.

Minister for Treasury and Resources, Deputy Susie Pinel, said: “I’m pleased with the response we’ve had so far to the Fiscal Stimulus Fund. The Expressions of Interest we have received cover a range of areas, including improving sports facilities, and enhancing provision of digital services.

“The States Assembly have agreed this funding to give organisations the opportunity to be ambitious, to innovate, and to stimulate the Island’s economy. I would encourage organisations who have considered submitting an Expression of Interest to do so ahead of the 31 December deadline.”

Expressions of Interest for the second tranche of £25 million of funding will open on 4 January 2021.

More information is available on the Government of Jersey website: gov.je/FiscalFund

Government of Jersey News Release.

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