Within the next three months start-up businesses will be able to apply for an enterprise grant. Up to £5,000 will be available for essential fixed assets, provided it is matched by the business and the firm undertakes to employ at least one extra full-time member of staff.
Money will also be available later this year to help people who want to invest in their own training. The States will pay the interest on a career development loan within an agreed timescale and at the end of the interest-free period the person taking out the loan will be responsible for paying back the capital and any outstanding interest.
Jersey Enterprise is also relaunching a number of initiatives which already exist, including the small firms loan guarantee scheme which has had relatively little response since it was introduced two years ago.