The Tourism Development Fund has been running since 2002 with £10 million set aside to provide cash boosts to initiatives that attract tourists to the Island. At the end of last year, the fund had been depleted and now has just £43,745 remaining.
Economic Development Minister Lyndon Farnham has previously spoken about finding additional funding to replenish the fund but as yet no formal proposals have been confirmed.
The figures, released in the fund’s annual report, showed that the bulk of the money spent last year was given to the Super League Triathlon event, which received £200,000 of government funding, and saw dozens of the world’s top triathletes race around the Waterfront.
The second Super League Jersey event is due to take place this weekend.
Other grants which were approved by the TDF in 2017 included £63,065 to the Waterbus Company Limited to establish an offshore sightseeing cruise tender service and £40,000 to Jersey Hockey to build a new clubhouse.
Tourism Development Fund chairman Kevin Keen said: ‘The advisory panel reviewed each application, having regard to the potential impact on tourism, the additional investment from other sources that the project would leverage, the sustainability of the project and the project governance.
‘For some projects where further information was required, Economic Development officers were tasked with contacting the applicant and gathering details to report back to the advisory panel.’
The advisory panel make recommendations on each application although the final decision is signed off by the minister.