Current circumstances worldwide present real challenges relating to critical mass and economies of scale. What resources are actually available and should be committed to providing an essential service effectively or to operating a business profitably?
To meet these challenges, we focus on the importance of obtaining sound data, identifying the facts, drawing upon relevant best practice wherever that may be applied, and then determining the most practical and cost-effective solutions going forward.
Based in the Channel Islands, members of our team possess complementary skill sets and, above all, bring a wide degree of expertise in economic, financial and social matters relevant to islands and small communities.
We pride ourselves in also being able to offer a mix of both public and private sector experience at the highest level. This is a key strength at a time of recovery and when re-invention and innovation will be high priority areas.
External threats (e.g. the Covid-19 Pandemic, geopolitical tensions, and climate change) outside an island’s or small community’s control are already and will undoubtedly continue to be major challenges during the next few years.
Evidence shows that islands and communities over a certain critical size will tend to cope far better due to economies of scale and their ability to act as a ‘hub’ for smaller communities nearby.
Lack of funding for both infrastructure investment and the provision of ‘locally based’ services is increasingly of concern to islands and small communities with limited resources.
Many ‘mother’ jurisdictions, previously delivering economic and social support to dependent communities, are now also facing their own financial stress and hardship. Therefore, public/private partnerships will become an important element in the funding of future infrastructure projects and services.
'State of the Islands' Reviews are now being released at regular intervals. These will highlight how a sample of island communities globally are addressing key subjects during the current COVID Crisis and what innovative measures are being considered during the recovery period. Each Review will concentrate on an economic, social or environmental topic relevant at the time.
Initially, the islands featured will be:
Isle of Man
However, best practice adopted in other islands will be included as and when appropriate.