A feature by Madrid-based journalist Graham Keeley, highlights a growing sense of optimism on the Rock, tempered by practical challenges such as the temporary pause in residency applications. Graham approached the GFSB to comment on how the recently agreed post-Brexit treaty has reignited business and lifestyle interest in Gibraltar.

Temporary Administrative Pause

Keeley reports that “Britons are queuing up to move to Gibraltar after a post-Brexit deal was agreed,” prompting the Gibraltar Government to introduce a “temporary administrative pause” on new residency applications to manage what officials described as “unprecedented demand.”

The piece notes that over 3,000 people were granted residency between 2022 and 2024 and that the government acted “to ensure they are people who can show they will contribute to the local economy.”

The feature captures a noticeable shift in sentiment following years of uncertainty. Keeley writes that “after a long period, when businesses did not know if they faced a hard Brexit deal, a quiet hum of business confidence has returned to the Rock.” Visible signs of this renewed optimism include new international retailers on Main Street, such as Mango and Häagen-Dazs.

What GFSB said:
Owen Smith, Chairperson of the GFSB, told The i Paper that the arrival of Starbucks was a sign that “a major international franchise had confidence in the Rock.” He also noted that the treaty’s framework for mobility was making Gibraltar increasingly attractive.

Quoting directly, Owen said: “Many of us feel surprised that the agreement is going to deliver some of the things it is going to deliver given where we might have ended up after Brexit. Ironically, while Britain is moving further away from Europe, we have moved closer to Europe.”

He added: “This is attractive for a lifestyle and a business point of view. I would strongly agree that the mood is positive. Everyone is waiting with bated breath to see the terms of the final text which will be published soon.”

The wider view:
The article places Gibraltar’s moment in a broader European context, noting that the new treaty will allow residents to “travel around the Schengen area without being subject to the post-Brexit rule that restricts Britons to staying in Europe for just 90 days in every 180.”

Keeley also highlights the practical implications of the agreement, including simplified border crossings and the potential for improved air links and reduced bureaucracy for cross-border workers.

A Real Buzz
Keeley’s article reflects a turning point for Gibraltar’s economy and reputation. As the final treaty text approaches publication, Owen Smith’s comments underscore the importance of maintaining business confidence while ensuring that growth remains well-managed. For now, as Keeley writes, “there is a real buzz” on the Rock, and the business community is watching closely to see how the treaty’s promises take shape.

Follow @grahamkeeley on X.