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Jersey foreign direct investment passes £65bn

Jersey has attracted more than $65bn and distributed over $75bn annually, according to a new report commissioned by Jersey Finance, the representative body for the crown dependency’s financial community.

Jersey foreign direct investment passes £65bn

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In addition, the stock of outbound foreign direct investment (FDI) distributed globally by Jersey in 2012 was $75.8bn, with the UK accounting for 45%. Ireland, Russia, India, France, and South Africa were also large contributors.

Launched at a Jersey Finance seminar held last week in London, the report also found that Jersey attracted a stock of inbound FDI totalling $65.7bn in 2012, with the UK again forming the largest contributor with 56%.

It also found that total global FDI by corporate investors increased from $1.3trn in 2012 to $1.4trn in 2013.

Jersey Finance chief executive Geoff Cook said: “As well as evidencing the substantial volume of FDI Jersey is handling and the considerable value that it is adding to the global economy, the report also shows clearly that investors find Jersey an attractive centre because of the strengths of its financial framework and the quality of the services it offers.”

“This provides an appealing proposition not just for attracting significant inflows of capital but also for distributing that capital efficiently and stimulating economic development in many different countries across the globe.”

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