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KPMG in the Crown Dependencies has been appointed as strategic partner to the Isle of Man Government, to develop a five to ten year Economic Strategy for the island.
The firm, with offices in the Isle of Man, Jersey and Guernsey, secured the appointment, following a competitive tender process that attracted international responses.
Following the first national lockdown, the Economic Recovery Programme was established to ensure the protection of jobs, provide support to the business community and stimulate the economy. A key pillar of this programme was the need to develop and deliver a longer-term economic strategy to help assess and grow the island’s economy over the next 10+ years.
The project, ‘Our Big Picture’, will be implemented across five key phases; the Economic Vision, Macro Economic Research and Review, Development of Policy Levers, formulate a Strategic Framework and Establish a Monitoring Program.
The first three phases of the project will analyse the island’s current economy, consider models for policy change, and assess the island’s strengths, weaknesses, opportunities and threats within a global context. It will engage a range of stakeholders including various Government departments, trade associations and networks, as well as the wider public, throughout the duration of the project.
Neale Jehan, Senior Partner at KPMG in the Crown Dependencies, said: “This appointment demonstrates the power of being invested locally alongside a great global team and alliance partners.
"Congratulations to Simon and the team in the Isle of Man, who I’m sure will bring challenge and critical thinking to the future of the island, at a very important time for all of the Crown Dependencies as we recover to a new reality post covid”.
Pictured top: Senior Partner Neale Jehan.
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