1 minute read
Summary of Ownership and Lines of Reporting
We are 100% owned by the States, therefore by you, the Public.
Every initiative JDC undertakes is Government led, the building and property investments are raised on land that has been entrusted to JDC by the Government of Jersey.
Advertisement
We have no policy-making functions or remit to develop masterplans and are solely charged to deliver policies agreed by the Government of Jersey in an effective and efficient manner.
We work closely with the States Treasury & Exchequer department to ensure all our decisions are in line with our remit and Government expectations.
We are run by an independent, experienced, highly respected Board and are accountable to our Shareholder, the Minister for Treasury & Resources.
Our investments are creating jobs, housing and infrastructure to support Jersey’s economy. Our projects are also community focussed and include high quality open green spaces and landscaped areas for the public to enjoy.
By investing in direct development, we ensure that returns to the taxpayers are improved, as well as retaining control over design and quality. Our in-house team of professionals work with expert external professionals to visualise and create quality development schemes.
We team up with high quality contractors to deliver those plans, creating a far greater return to the Government than by simply selling the land to a third party developer.
Our Stakeholders and what we do for them
£47m Government of Jersey
£47m profits generated since 2012
1621 Home owners 187 homes delivered, 280 under construction and 1,154 more homes to be created by 2031
175 First Time Buyers
175 first time buyers assisted since 2012
£10.8m Government of Jersey
£10.8m of dividends paid to the Government of Jersey since 2012
£3.3m Island Community
£3.3m invested in public infrastructure and public realm since 2012
Fair
Our Contractors & Staff
We are a Living Wage partner
29,224m2 Island Community
An area equivalent to 4 x football pitches of public realm maintained by JDC for the benefit of the Community
£3.2m Island Community £3.2m of support for social and community projects since 2012
