'No conspiracy' over finance centre funding arrangements

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A BANK'S claim over a portion of the Esplanade that has been used to secure funds for part of the Jersey International Finance Centre is likely to be 'released' by September 2017 'at the latest', according to the Treasury Minister.

After it emerged on Monday that the land was being used to secure financing for Building 5 of the Jersey Development Company's flagship project – the second unit of the complex, Senator Alan Maclean has moved to reassure Islanders that there is 'no conspiracy' being played out.

And he said that the use of the land had no relevance to the debate about the location of the future hospital following claims at a Scrutiny hearing on Monday that allowing the area to be tied up in the deal removed the site as a potential choice for the multi-million-pound project.

Senator Maclean's comments follow questions from lobbyists the St Helier Waterfront Action Group, which says it has concerns about the situation.

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