BVI Plans 20 More MSME Grants by July End After Awarding $300,000

1 articles · Updated · BVI News Online · Jul 16

$300,000-plus has already gone to local businesses, and the BVI government expects to issue about 20 more MSME grants before July ends.
Lorna Smith said the new awards are part of the MSME Grant Programme, which backs locally owned businesses to spur entrepreneurship, jobs and economic diversification.
Within two weeks, a satellite Trade Department office is due to open in Virgin Gorda three days a week so residents can access services such as trade licence applications without traveling to Tortola.
At Huntums Ghut, the first Entrepreneurial Zone building is complete, with leases for four to five businesses expected by month-end.
The wider support push also includes training: 29 participants recently graduated from programmes in financial management and marketing, while grant applicants must show good standing with NHI, Social Security and Inland Revenue.

Sources

After distributing nearly $1 million, what is the real economic impact of the BVI's small business grant program?

As BVI announces more grants, why do critics call its new Entrepreneurial Zone a 'colossal failure'?

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