Tuesday, June 18, 2013
Text Size
  • Industrial Regeneration Fishing off Falklands Waters
  • Going the extra mile Infrastructure
  • Building for the next generation Town Expansion
  • Regeneration of wool industry Agriculture
  • Assisting with ... Settlement Regeneration

Falkland Islands Development Corporation

fidclogotrans1The Falkland Islands Development Corporation (FIDC) is tasked to develop the commercial sector of the Falkland Islands by being one of the principal partners delivering the Economic, Rural and Tourism Strategies. FIDC is a quasi-autonomous government-funded body. It essentially acts as the national economic development agency for the Falkland Islands and its current objectives are as follows:

  • Encourage and assist in the economic development of the Falkland Islands;
  • Advise the Falkland Islands Government on the development of all sectors of business in, or associated with, the Falkland Islands, including tourism, fisheries and any other existing or proposed area of economic activity;
  • Advise the Falkland Islands Government on rural development, in particular the growth of business including agriculture, and the improvement of quality of rural life;
  • Advise the Falkland Islands Government on government expenditure in agriculture;
  • Advise the Falkland Islands Government on such other matters relating to the economic development of the Falkland Islands as the Government may refer to the Corporation or as the Corporation may consider fit;
  • Examine and advise upon proposals referred to the Corporation by the Executive Council relating to the imposition or revision of tariffs, taxes, duties, quotas or other protective or developmental measures.

 The organisation works across all levels within the islands: national, business and individual.

thumb 3D Option 2One of the proposed redevelopment schemes for the Stanley waterfront

At a national level the corporation leads important infrastructure initiatives including the development of a new waterfront and urban centre for Stanley to appeal to and meet the needs of residents and tourists alike.
Read more about the waterfront project here.

On a very local level an important role of FIDC is to offer business development advice, loans and grants for everything from someone who wants to start a small business from within their home to a entire new industry.

Other initiatives include the development of the rural economy, agriculture, fisheries and airlinks to open up alternate worldwide routes.

The FIDC plays a key role in attracting international investment to the islands. One such current project is to secure a private developer (or developers) to play a partner role to fund, design, build and operate 2 new, high quality lodges in two different locations in the Falklands. The hope is that this will be a joint venture between off-shore investors/operators and local partners.

FIDC also creates, distributes and analyses the results the annual Business Climate Survey.  The Survey is a key tool in shaping the FIDC Business Plan, specifically its goals and projects.  The most recent Survey was held ealier this year and the Results Report was published in April 2013.  The Results Report can be downloaded here.

 

Stanley Businesses

In January 2012 FIDC launched a subsidiary company to provide legal services in the Falkland Islands. This company, Falkland Islands Legal Services (FILS), has been established and is being initially underwritten by FIDC to support the need for a Public Sector and an additional commercial service. It is intended that the business will become an independent entity once it is commercially viable.

Camp Businesses

Historically the Falkland Islands have been reliant on imported fresh fruit, vegetables and chicken eggs; research has shown that over 60% of these imports could be grown in the islands. In order to address this situation FIDC has setup an Import Substitution Programme offering grants and loans to encourage and assist rural businesses interested in establishing or expanding production in these areas, therefore reducing reliance on imports.

Stock Market

Chart
Rockhopper GBX129.91 ▼0.34 (-0.26%)
Falklands Oil & Gas GBX26.25 0.00 (0.00%)
Borders & Southern GBX15.25 ▲0.88 (6.09%)
F.I. Holdings GBX382.00 ▲9.50 (2.55%)
LON:RKH

Rockhopper

Company ID [LON:RKH] Last trade:GBX129.91 Trade time:5:07PM GMT+1 Value change:▼0.34 (-0.26%)
LON:FOGL

Falklands Oil & Gas

Company ID [LON:FOGL] Last trade:GBX26.25 Trade time:4:35PM GMT+1 Value change:0.00 (0.00%)
LON:BOR

Borders & Southern

Company ID [LON:BOR] Last trade:GBX15.25 Trade time:4:35PM GMT+1 Value change:▲0.88 (6.09%)
LON:FKL

F.I. Holdings

Company ID [LON:FKL] Last trade:GBX382.00 Trade time:5:15PM GMT+1 Value change:▲9.50 (2.55%)

Stanley Waterfront

stanleywelcome

Three master plan proposals have been drafted with the aim to develop the Stanley Waterfront for the enjoyment of Stanley residents and visitors.  The master plans propose to improve the infrastructure and the activities, amenities, accommodation and attractions of the Stanley Waterfront. 

A critical part of this project is to ensure any new development would seamlessly integrate with the look, feel and atmosphere of Stanley.

Camp Lodges

sceniccamp

The project aims to establish one or two Luxury Lodges in the Falkland Islands, which would be strategically located in areas of outstanding scenic beauty and wildlife.

Initially FIDC wish to attract investors or developers to fund, construct and subsequently operate one or two lodges in the Falklands by distributing its Investor Prospectus, which details the opportunity and the potential for tourism in the Falklands.

ISP Extension

localeggs

FIDC are pleased to announce that the criteria necessary for ISP funding applications has been revised and extended.

The minimum total value of an application is now £500 and separate, bespoke application forms have been designed to reflect this.  Please see the Downloads section of this website.

Also, ISP is now available to Stanley-based businesses.