This page contains a Flash digital edition of a book.
t“ I am pleased we were able to put forward

he £44 million fiscal stimulus plan to protect jobs and invest in training to ensure we are ready when the recovery begins.


the sharpest fall in global economic growth for 60 years, I am asked whether the financial crisis means that the States objectives for housing in the Island will be hampered.

The good news is that the financial crisis has not turned into a global depression. Our estimates of the contraction of the economy have proved accurate. Unemployment is a lot lower than the UK, but I realise that figures are meaningless for those who have lost their jobs.

My colleague Deputy Sean Power was elected to take on the Housing portfolio for the Council of Ministers in mid-2010.

Since becoming Minister for Housing, the Deputy has been giving significant thought to the many issues facing the Housing Department and housing in Jersey.

His objectives for the rest of the term of this government, and the policies he intends to pursue, aim to ensure the priorities set out in the Strategic Plan are met.

I know that the Minister is very concerned about the lack of affordable housing, whether that be first time homes for purchase by young people, homes for those wishing to downsize and perhaps release equity for their retirement, or indeed homes for those for whom renting will be a long term or lifetime tenure.

20:20 10

He reports that social housing waiting lists are increasing. Unfortunately we have inadequate levels of supply to stabilise prices in both the rental and owner occupied markets. Jersey has an ageing population and demand for homes suitable for older people is growing rapidly.

The Housing Minister is confident that there are options for the States and will be discussing several policy options with colleagues in the Council of Ministers, including widening the allocations criteria for social housing to make access more equitable. This will require the stock to grow, but growth can be funded from private finance, which can be repaid from the rental income generated from those new homes.

Fiscal stimulus With Jersey having to respond to

Fear of unemployment was one of the main reasons the Treasury Minister, Senator Philip Ozouf, took a £44 million fiscal stimulus plan to the States in May 2009. It has funded a considerable number of projects aimed at keeping, or getting, people into work, including additional places at Highlands, a States apprenticeship scheme, a scheme to get young people into work (the Advance to Work initiative), direct support for business for Jersey Enterprise services and a boost for Jersey Finance’s vital marketing programme.

A number of essential civil infrastructure projects, urban renewal projects and construction and maintenance work have provided a valuable support to Jersey’s construction and engineering firms and workers, whose industries have been particularly affected by the recession.

As well as providing valuable work, fiscal stimulus money has also benefited Housing tenants as investment has been targeted at social housing. Work has included bringing forward roof replacements and heating installations across the Housing Department’s portfolio. All these projects have provided work for local business and labour, and were programmed to

be undertaken substantially in 2010, which significantly increased public sector spending and investment in social housing stock.

I know that the Housing Minister, Deputy Power, just like his predecessor Senator Terry Le Main, has a commitment to addressing deficiencies in standards across the social housing portfolio. The work was already planned but without the discretionary fiscal stimulus, it would have had to be delivered over a longer time period because of funding constraints.

Making homes more energy efficient by increasing insulation levels and switching from unsustainable fossil fuel heating systems is one of the department’s key strategies in ensuring that the social housing stock is efficient to operate in the long term. This strategy is also in line with the Energy Policies put forward by the Minister for Planning and Environment, Senator Freddie Cohen.

Dealing with the downturn The 2011 draft Business Plan sets out the targets for each States department, and the money allocated to achieve them.

I am pleased we were able to put forward the £44 million fiscal stimulus plan to protect jobs and invest in training to ensure we are ready when the recovery begins. But we also need to put in place the foundations of a sustainable future for our Island. That is why we, the Council of Ministers, set a £65 million savings target by 2013. This is challenging, but in my view achievable.

Good housekeeping is at the heart of our Strategic Plan. We have to live within our means and make tough choices.

Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102