An impending report for the government of Jersey could spell the end of the protectionist legislation that has prevented major investment from the leading UK supermarkets.
Investment in Jersey is controlled by the Regulation of Undertakings, set up to limit the number of outside companies moving into Jersey and to help control the island’s population.
The report, by consultants Experian, is to be published in the next two weeks and according to a representative of the island’s parliament, States of Jersey, will be controversial.
A major policy announcement is expected to follow publication and new rules governing inward investment could be in place within six months.
The move could open the door for one of the major UK multiples. Last week The Grocer revealed that Jersey Royal Potato Marketing had been in talks with one of the big four multiples about selling a four hectare packing site for a supermarket development.
There is huge speculation on Jersey that Tesco is the most likely candidate. The government has also spoken to Continental discounters.