Guernsey’s Committee for Economic Development has published the Finance Sector Strategy 2035, setting out a long-term, evidence-based plan to support sustainable growth in the island’s finance sector over the next decade. The strategy is positioned as a shared agenda for government, the Guernsey Financial Services Commission (GFSC) and industry, intended to remove operational frictions, enable innovation and maintain competitiveness. Developed over six months with support from Oliver Wyman and shaped by consultation with more than 100 stakeholders, the strategy includes over 40 workstreams under six strategic initiatives: boosting productivity, moving up the value chain in existing markets, expanding into adjacent opportunities, mobilising private investment to support innovation, sharpening Guernsey’s international value proposition, and addressing structural constraints such as talent, connectivity and digital infrastructure. It cites the sector’s domestic importance, noting financial services accounted for 37% of Gross Value Added in 2023, and sets an ambition to return to around 3% annual real Gross Value Added growth over the next five years, implying by 2030 an average GBP 6,000 increase in real income for finance-sector employees and around GBP 25 million of potential additional government income, subject to delivery and external factors. Implementation is to be overseen by a Financial Growth Forum comprising the commissioning parties and private sector representatives, intended to prioritise workstreams and monitor delivery, with meetings scheduled every two months during the first year. The strategy is being introduced to industry through a series of presentations.

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