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Small and medium scale enterprise owners to get access to funding for development and expansion of their businesses – 18th Apr 2013

businessA workshop which is geared at educating business owners on how to apply for grant funding for the development of their businesses will be held next Tuesday at the Pegasus Hotel.

According to Senior Vice President of the Georgetown Chamber of Commerce, Lance Hinds, businesses can get grants up to 11 million dollars.

He said the workshop will be facilitated by Caribbean Export- the agency that is administering the 10th European Development Fund, as part of the EPA agreement signed in 2008.

Hinds who also serve as the Chair of the Trade and Investment committee at the GCCI said last year, some 15 companies submitted applications for the grant, but only six of them qualified. He said the workshop will also address the many challenges faced by applicants during the process.

The Barbados based CARIBBEAN EXPORT is the only Regional Trade and Investment Promotion Agency in the African, Caribbean and Pacific (ACP) group.

Their mission is to increase the competitiveness of the Caribbean countries by providing export development and investment promotion services through effective programme execution and strategic partnerships.

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