We hope that Jersey’s score compared to the 2013 Demos-PwC Good Growth Index is a way to help spark discussion about Jersey’s future.
In the UK, PwC’s Stepping Stones to Good Growth sets out the agenda for action for places to move towards good growth. From discussions we have held so far we think that this is highly relevant for Jersey too.
We’ve set out some initial thoughts based on discussions in the business community in Jersey to date below. What do you think? Let us know.
The world is changing fast. PwC has identified five global megatrends that we expect, together in combination, to have profound effects on business and society. Business-as-usual is not an option.
Here in Jersey, our Island is more globally connected than ever before. Our economy and society is potentially vulnerable to future external shocks and stresses. We need to keep ahead of these changes in order to harness the opportunities, manage the risks and reinvent ourselves if needed. We need to stay competitive as a place to do business and as a great place to live and work. We need to create the good growth we want in this context.
To unlock Jersey’s potential for good growth, our experience elsewhere suggests this is best achieved by creating a strong future story of place; a long term vision for the future. This should:
Examples of specific and ambitious outcomes from elsewhere include:
So, what could Jersey’s future story of place be? Let’s look 20 years ahead. Some suggestions arising from discussions we have heard so far include:
Whatever is chosen, our future story of place must be big enough to drive progress across all aspects of our economy and society, be something that has broad appeal and support locally, and can be communicated clearly to the world.
This is an important conversation that we need to have as an Island, bringing business, government and people together.
What do you think Jersey’s future story of place should be? Let us know.
Once we have defined Jersey’s future vision, we need to invest in the enablers required to achieve it, putting good growth at the heart of everything we do.
Reflecting on how Jersey scores some priorities emerge:
Achieving good growth is all about policy and investment choices, focusing on the things that matter most to the public, and the businesses and provide the jobs and income that are central to our vision.
What do you think the priorities are? With limited resources, what should different stakeholders focus on? Let us know.
Earlier this year, we convened some round-table discussions between business and public sector leaders in Jersey to discuss our good growth findings.
Business leaders in Jersey want to see the right conditions locally for businesses to prosper. The government and our public bodies want to see Jersey thrive. But despite this shared agenda, more is needed to bring public sector leaders together with employers and the public here in Jersey to create a common platform for good growth.
Jersey has some good sector-level collaborative partnerships between the public and private sector, perhaps most notably in the case of Jersey Finance. However, Jersey lacks a strategic and collaborative partnership structure at the economy-wide scale. This is a gap when compared to many other places in the UK which are able to use such a structure to co-create and co-own a vision of the future. In England, the creation of Local Enterprise Partnerships, and their forerunners Local Strategic Partnerships, have brought together local government, businesses, the education and skills sector and other key stakeholders to create a common platform for action and investment.
Although the context in Jersey is different, in our round-table discussions we found genuine support for a partnership approach that could:
How do you think a collaborative partnership could best work for Jersey? Let us know.