CARIFORUM MSMEs to Receive €3 Million in Direct Grant Support

Published: October 22, 2021

  • €3M to be awarded to CARIFORUM firms via Caribbean Export’s Direct Support Grants Programme
  • A minimum of 100 firms to receive grant funding in 15 Caribbean countries
  • MSMEs will be able to apply for non-reimbursable grants of up to €30,000

As Caribbean firms continue to grapple with the effects of the COVID- 19 pandemic, the Caribbean Export Development Agency (Caribbean Export), with the continued generous support of the European Union, are once again providing critical assistance by making available the second round of direct support grant funding for micro, medium and small enterprises (MSMEs).

Commencing today, firms in 15 Caribbean countries (CARIFORUM) can apply for a non-reimbursable grant of up to €30,000 from a total available grant facility of €3,000,000. The funds are made available under the Direct Support Grants Programme, and these cash infusions are available to fund special projects that can help speed up growth and fast track recovery from the negative effects of the pandemic

“MSMEs form the backbone of many of our economies generating precious jobs and opportunities for our people. Caribbean Export must continue to focus our efforts on fast-tracking their recovery as businesses seek to diversify and innovate in the face of the ever-evolving pandemic.” remarked the Executive Director, Mr. Deodat Maharaj.

Mr. Maharaj further stated, “Supporting the development of a resilient, competitive private sector will lead to the economic growth and development of our Region consistent with the Sustainable Development Goals, and we are always delighted to have the generous support of the European Union, in these initiatives.”

Read the full article here.

MOEA Communications Team

MOEA Communications Team

The Bahamas Ministry of Economic Affairs is the entity responsible for providing vision, strategic direction, policy, and information related to the movement of financial resources, economic diversification and growth.

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