Digital start-up scheme launched to encourage local entrepreneurs

Wednesday 13 December 2017

Digital Jersey is launching a one year 'Digital Start-up Scheme' aimed at encouraging up to 20 "highly skilled" local entrepreneurs to establish a business in the island.

They hope the scheme will attract applications from potential high-growth digital businesses from around the world, as well as local residents who aren't currently entitled to work but who want to launch their own digital businesses.

Tony Moretta, CEO of Digital Jersey, said: “We want Jersey to have a vibrant digital industry. By carefully targeting the types of businesses we encourage to set-up on-island, we can stay globally competitive and ensure sustainable and well-paid jobs are available to local people for years to come.”

This new scheme is an extension of an existing programme run by Digital Jersey to assist local firms in accessing skilled employees who can’t be found locally. 

Pictured: The scheme was developed by Digital Jersey with the help of the Population Office.

Applicants will need to show high levels of digital skills and education, as well as a credible business plan. If they are successful, they will be granted a ‘Licenced Lease Only’ permission, allowing them to open a business and to have full access to the rented housing market – however, they will not be entitled to purchase property. After three years, the licence will be reviewed as part of the normal Population Office process.