Locate Guernsey facilitated 21 relocations and created 36 local jobs in 2016, it announced at its Year in Review event this morning.
Working with a budget of £400,000 and a team of four, the organisation has returned an annualised financial benefit to the exchequer of almost £700,000.
The team attended around 400 stakeholder meetings and 50 events, including a London event to showcase the island, and handled 140 inquiries.
Richard Le Tocq, Head of Locate Guernsey, said the £672,266 in financial benefit to the island excluded wider economic value to local businesses, such as contributions to the construction, service and hospitality, legal and financial sectors.
He said: “The biggest challenge is getting Guernsey on the radar and helping people to understand how straightforward it is to relocate here. We’ve had encouraging feedback from those who have made the move to the island.”
Locate Guernsey reports to the Economic Development Committee, whose president, Deputy Peter Ferbrache, said: “The Locate Guernsey team have got off to a positive start with their first-year results, demonstrating that it’s essential to have a central point of inquiry for people looking to relocate.”