Paul Harding, chairman of the Jersey Construction Council, says that the sector faces a number of threats, including large-scale projects developed by consultants from outside the Island.
Writing in the Institute of Directors newsletter, Mr Harding says that despite reports of increased activity in the fin-ancial services sector, improvements in the local economy are not guaranteed.
‘We rely on a stable stream of construction projects.
If these dry up, or if non-local firms are allowed into the Island, the regrettable but unavoidable result will be redundancies within local firms, or even complete company failures,’ he says.
‘The reduction of money circulating within the local economy would be almost doubled, bringing hardship not only for the construction industry, but also all the other service sectors where construction employees spend their earnings.