- Larger, more profitable and sustainable local businesses
- Fewer skills gaps and increased entrepreneurship
- Better financed local businesses
- St Helena being better established as a tourist destination
- Economic development supported with increased investment levels
- Island fisheries providing sustainable livelihoods and growth opportunities
The Investment Policy
St Helena is open for business, and with investor friendly policies in place, it’s now easy to invest in the Island. The current development friendly investment policy was developed with the intention of opening the Island’s economy to investment and increased levels of tourism.
- Makes the economy accessible to all potential investors by being an attractive destination to do business and encouraging a diversity of investors;
- Ensures maximum benefit from development for the island’s economy and people;
- Sets parameters for development to safeguard what is important for the people of St Helena;
- Assists the locally based private sector to compete effectively and efficiently in an open economy;
Investment Prospectus is available for download at: www.investinsthelena.com
You may also wish to visit the immigration web pages
As a remote oceanic Island St Helena Island is very vulnerable to the introduction of new pests, weeds and diseases which can adversely affect agricultural production, the natural environment, and also human and animal health. There are strict controls on bringing certain items in, such as honey, please see the Biosecurity Service page for further information. Please help us protect our beautiful Island by promoting good biosecurity.
The opening of the Island’s airport in 2015/16, and subsequently its operation, commencement of commercial, and the move to a separation between sea based freight and passenger operations, has created business opportunities for both investors and existing businesses on St Helena.
Growing the Island’s economy through private sector development is St Helena’s number one priority and opportunities exist in areas such as tourism, property development, agricultural production, commercial fishing, import substitution, as well as opportunities to offer professional services.
ESH administers the Saint Helena Economic Development Fund (SHEDF) with the objective to support business development on St Helena, as well as the development of entrepreneurial skills on the Island. Capital grants are now available on very attractive terms to local entrepreneurs, and existing businesses looking to develop profitable areas of their business. Furthermore, grants are now available to Small to Medium Enterprises (SME) across all sectors of the economy. Special investment grants may also be available to encourage larger investment in key strategic areas, such as Import Substitution, or Recycling Initiatives. For further information regarding investment on St Helena, visit the ESH website.
The St Helena Distillery, owned and run by Paul Hickling, has been in operation since 2006 and has recently relocated from the cellar of Donny’s Bar on the Seafront to Paul’s residence at Alarm Forest.
The Distillery is now housed in a purpose-built two-storey building where the process for making spirits is much easier. There is also space for a large storage room and an area for siting 10 fermenting tanks, half of which are now in operation. Alcohol processing takes place on the ground floor, with the top floor of the building used for the fermentation of the wines and spirits. Starting off with the production of the well known Tungi spirit, Paul has expanded his production line to include White Lion Spiced Rum, Midnight Mist Coffee Liqueur, Lemon Valley Lemon Liqueur and Jamestown Gin – what Paul describes as ‘something for everyone’.
He also produces mini versions of his products, which are sold as a collectors pack. Paul has also made a 1000 bottle limited edition Brandy for the bicentennial commemoration of Napoleon’s exile (1815) in 2015 and various Wines, made possible by importing fresh grape juice from South African vineyards. In future, if Paul secures extra help, he would like to go into making Brandy full time and also possibly a Banana Liqueur made exclusively from local bananas. Currently, Paul’s customers are mostly locally based and his products can be found in St Helena shops and pubs. In a month, Paul turns out between 250 and 300 bottles, easily recognisable in shops, including a bottle that reflects the steps of Jacob’s Ladder. Paul explains that it is difficult to export the spirits and is also very expensive. Paul said: “Since the start up in 2006, demand has increased and has got better now the airport is completed – but of course everything takes time. I am now on the tourist trail as well which is an added advantage. Feedback from customers overseas reports that Tungi is the most popular drink – winning the Silver and Commended Medal in 2007 and 2009 respectively in a UK international spirit competition.
“People respect it as an exceptionally good drink as it is very smooth. The White Lion Spiced Rum did not take off as well as expected but is now growing fast. The Midnight Mist is also going very well but the fastest growing of all is the Jamestown Gin – people love it!
“The process involves first fermenting the prickly pear (tungi) fruit with a small amount of sugar and yeast, which is then made into a mash or a wash. This then ferments for two weeks, during which time the alcohol is produced. This then goes into the Still to produce the spirit, which is then watered down as it is very strong. When it is down to the volume and strength it should be, it is bottled and packaged to go. From picking the fruit to bottling, the process takes approximately three weeks.