35 rich people moved over in a year

Thursday 06 February 2020

Locate Guernsey helped move 35 rich businesspeople to Guernsey in 2019, which was up 11 on the year before.

It is the States of Guernsey agency responsible for advising and supporting relocations to the island, whether personal or business. Through encouraging these relocations of High Net Worth Individuals it aims at generating money for the public purse through document duty.

Jo Stoddart, Director of Locate Guernsey, said, "The team continues to externalise Guernsey’s appeal to High Net-Worth individuals and business owners to ensure the relocation opportunity is clear and visible. Data indicates that there is a growing awareness of the benefits of Guernsey and our ambitious plans for 2020 will build on this."

The moves in 2019 generated £1,222,692 for example, around 33% more than the year before. 

Alongside the successful relocation, more people in general got in touch with the agency to speak about moving and receive advice. There were 222 enquiries across the year, and while the majority of those were UK based, there was also global interest from places like Asia, South Africa, North America and the rest of Europe. 

"It is fantastic to see another year of continued success and growth from Locate Guernsey," Deputy Charles Parkinson, Economic Development President, said. "The associated new businesses, property transactions and personal expertise provide rich benefits to our economy and community. These results provide further evidence for the rising appeal of Guernsey as an attractive location to live and work."

Pictured top: Jo Stoddart.