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Friday 20th September 2024
The Jersey Chamber Weekly Update
Bonjour Dear Subscriber,
Rumours are buzzing around again about a French supermarket potentially opening in Jersey. It's an old story, but this week, I was discussing the same in a breakfast interview with the BBC, strengthened by the ED Minster (sorry Minister for Economic Sustainability) who said firmly, that he wasn't sure if this was true, but would check. For many, this is exciting – and I can understand why, however let us temper our expectations a bit. The BBC presenter fondly recalled the low prices in French supermarkets. Well, that's likely because she shopped in a large French supermarket, for French products in France! Let's break it down: - Premises Costs: Rental prices in France are over 20% lower than in the UK, so expect a significant difference when compared to Jersey.
- Grocery Prices: Interestingly, grocery prices in France are higher than in the UK. According to Numbeo, groceries in the UK are 16.9% cheaper than in France. So, sourcing from the UK might actually make some sense.
- Setup Costs: Setting up and operating a supermarket in Jersey is costly, with an approximately uplift of 27% compared to the UK. This means that a French or “discount” supermarket might not offer all the value we hope for.
- Freight Links: Current freight links are predominantly northbound and operate on a just-in-time basis. A southern route would require on-island warehousing and distribution, especially if there were only two ferries a week. (Anyway, where are we on that tender process?)
- Labelling: French supermarkets label their products in French, but by law, we need all food ingredients to be in English. This limits what existing players can import from France at the moment.
The ED Minister (Minister for Economic Sustainability) is eager to engage in more discussions to encourage a French supermarket in Jersey, aiming to provide competition and choice. This is great outreach, and nobody is shying away from competition, but a level playing field must be ensured. We can't have the government making more favourable trading rules or offering sites not available to existing businesses. We must remember that competition is only effective, when the market size is Economically Sustainable for those supplying the goods to stick around. Finally, the BBC presenter mused on how wonderful it would be to have baguettes, croissants, and Fruit de Mer available in Jersey. Well, super news for U, after some deep searching, I've discovered these goods are in Jersey, and even better than that, we also export oysters and moules to France by the tonne every week! Bon weekend
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| Chamber Highlights: Scroll down to discover the latest news, member updates, upcoming events, and exclusive offers. |
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| September Chamber Breakfast Briefing - Secure your spot now! |
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| Speakers: | | Deputy Rob Ward | | Minister for Education and Lifelong Learning |
| | Tony Moretta | | CEO | | Digital Jersey |
| | Jo Terry-Marchant | | Principal of Highlands College | | Highlands College |
| | Dr Sean Dettman | | Director | | Jersey International Centre of Advanced Studies (JICAS) |
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| September Chamber Lunch - Tickets are selling out quickly! |
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| Speakers: | | Deputy Elaine Millar | | Minister of Treasury and Resources |
| | Adam Budworth | | President Jersey Chamber of Commerce |
| | Murray Norton | | CEO Jersey Chamber of Commerce |
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| October Chamber Lunch - Don't miss out on this opportunity! |
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| Speakers: | | Adam Budworth | | President Jersey Chamber of Commerce |
| | Sir Stephen Dalton | | Chairman of the local charity ArtHouse Jersey |
| | Murray Norton | | CEO Jersey Chamber of Commerce |
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Those updates on the roads... |
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Scheduled Debates:
A full recording of the States Meeting is uploaded here All States Members' votes are recorded shortly after the vote has taken place here Hansard records of States Meetings are uploaded here |
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| New Blue Islands Ski Flights to Grenoble |
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Jersey skiers will be able to fly direct to the French Alps this winter thanks to an expanding partnership between Blue Islands and Channel Islands tour operator Allez Ski. The airline will operate weekly flights direct from Jersey to Grenoble in France, departing every Saturday from 21 December 2024 until 15 February 2025. |
| | Read More |
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| Jersey Trees for Life and Accuro confirm Adelina Wood partnership |
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Extending over three years, the agreement sees Accuro provide annual funding for a variety of improvements at the popular local woodland, including new signage and tree labels. It also covers the costs of ongoing maintenance throughout the period and has already paid for the much-needed resurfacing of the entrance driveway, as well as two custom-made barn owl boxes. |
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| BDO Jersey Announces the Launch of the Chris Stuart Bursary to Support Aspiring Students |
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BDO Jersey is proud to announce the launch of the Chris Stuart Bursary, an annual initiative designed to provide financial assistance to students pursuing undergraduate studies. Named in honour of the late Chris Stuart, a beloved leader at BDO Jersey, the bursary reflects his enduring legacy of supporting the growth and development of young talent. |
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| Jersey Chamber Celebrates Channel Islands Innovation: FutureTracker Wins International Award |
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The Jersey Chamber of Commerce extends its congratulations to FutureTracker, a Channel Islands-based corporate sustainability business, for winning the Product Innovation of the Year award from Environmental Finance. While FutureTracker operates from Guernsey, their influence and client base extend across Jersey and the global market. |
| | Read More |
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| Need help understanding and complying with Jersey’s regulatory framework?
Ches has a fresh approach to regulatory consultancy, simplifying the complex and making compliance easier.
Her aim is to help you understand and comply with Jersey's regulatory framework, so that your risks are more effectively managed, and you can feel confident that you're doing things right.
Having gained tons of knowledge and experience (including 5 years working for the regulator), she is sharing her expertise by helping with all your regulatory and compliance needs.
Ches provides hands-on resource, assurance testing, effectiveness reviews, remediation, regulatory support, training and more.
Get in touch if you need assistance and join comply.je as a member to get access to free resources. |
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| CHAMBER MEMBERS DISCOUNTS AND OFFERS |
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| Orchard Video Content Offer |
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We are offering a 2 hour video content package to businesses for £950 over the dates of 7/8 October. Get in touch: https://www.orchardpr.com/contact-us |
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| Amicus Event Tickets Discount |
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Happy to give exclusive Chamber of Commerce Members discount of £35 per ticket (should be £425 – members get it for £390), code of COCM35 code to be used at checkout. Leadership for Emotional Wellbeing – Thursday 10th October – 09:00-16:30 More info and tickets can be booked here. |
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| HR Now will happily provide a 10% discount to chamber members for the first or next three invoices in 2024. They just need to quote Chamber10% in their initial or next enquiry. This applies to consultancy, fixed fees and training. Charities will always enjoy a 20% discount.
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| | Read More |
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| Do you have an event to arrange? Well, contact Sandy at ternevents if you do! Sandy is delighted to offer a 10% discount for all event planning services to Chamber Members.
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| We would like to offer ALL Jersey Chamber Members a discount on a purchase for a Cyber Essentials Certification whether this is a new purchase or a renewal of an existing certificate to try and encourage the take up of the certification on the island as much as possible. We will always beat and” Like for Like “pricing.
Use the Code of Jerseychamber10 for a 10% discount |
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Digital Jersey
Channel Islands Training and Development
Copcoy - Health & Safety
Law At Work Training |
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| If you have any discount offers that you would like to offer to all Chamber Members, we would love to hear from you. Send your offers to admin@jerseychamber.com |
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| THIS YEAR CHAMBER IS SUPPORTING KEZIA'S FUND |
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As Chamber members are aware we currently supporting Kezia's Fund.
Kezia's Fund was set up to support initiatives promoting good mental health amongst children and young people in Jersey. It provides grants and support to organisations that are working to address the issue of rising rates of poor mental health.
One of the primary fundraising events for this fund is Run for Kezia, an event which attracted 800 participants last year to run or walk over the choice of 3 distances (2k, 5k, 10k). The event is being held to coincide, again, with World Suicide Prevention Day on 15 September.
We would like to encourage all members to consider signing up (it is not competitive, timed and it is not necessary to run) and to encourage their families, friends and colleagues to sign up too: Kezia's Fund
Thank you |
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Helping Members Stay Informed Tel: 01534 724536 / Email: admin@jerseychamber.com
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