Earlier this month the JEP revealed that the Financial Improvement Division is arranging to situation licences to develop the crop in the hope of raising hundreds of millions in income from exports and re-invigorating the agricultural business.
It is understood that a quantity of possible growers are interested and many arranging applications have been produced to convert old agricultural buildings and glasshouses into hydroponic cultivation web sites.
Speaking at the Institute of Directors’ mid-year assessment yesterday, Chief Minister John Le Fondré indicated for the initial time assistance for the project, topic to two caveats.
‘I was briefed on it ahead of Christmas. My basic view is that supplied it does not harm the Island’s reputation, and I have an understanding of that to be the case, that there could be a considerable financial and tax advantage to it,’ he stated.
‘One of my vital concerns is…
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