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VI SMEs urged to apply for EU grants

-up to 12,000 euro available per grantee for the development of their small & medium businesses
Key Expert, British Overseas Countries and Territories Samuel K. Kruiner said that grantees will be required to send photos and completed paperwork regarding the project that was funded under the grant. Photo: VINO
Some of the participants at today's presentation at the HLSCC. Photo: VINO
Some of the participants at today's presentation at the HLSCC. Photo: VINO
The participants learned the details with regard to making an application for the grant and follow up requirements following the receiving of a grant. Photo: VINO
The participants learned the details with regard to making an application for the grant and follow up requirements following the receiving of a grant. Photo: VINO
Some more of the participants at the presentation. Photo: VINO
Some more of the participants at the presentation. Photo: VINO
Programme Team Leader Diana P. Hendrickson-Fleming explained, “The programme in general is to stimulate small business in the BVI. At today’s presentation we gave a little glimpse of how we work in the programme.” Photo: VINO
Programme Team Leader Diana P. Hendrickson-Fleming explained, “The programme in general is to stimulate small business in the BVI. At today’s presentation we gave a little glimpse of how we work in the programme.” Photo: VINO
PARAQUITA BAY, Tortola, VI – Small and Medium Businesses in the Virgin Islands will soon be able to apply for grants up to 12,000 euro through an EU funded programme for Overseas Countries and Territories in the Caribbean Region through the Trade and Consumer Affairs Department.

The Programme Management Unit of the Small and Medium Enterprises (SMEs) programme hosted a presentation at the H. Lavity Stoutt Community College today March 31, 2015 under the theme ‘Strengthening the Development of Small and Medium Enterprises of the Overseas Countries and Territories in the Caribbean Region'.

The main purpose of the presentation was to introduce the Programme and explain how it can benefit Government, business support organisations, as well as SMEs. One of the direct benefits to SMEs is a Direct Assistance Grant Scheme soon to be launched.

Programme Team Leader Diana P. Hendrickson-Fleming explained, “The programme in general is to stimulate small business in the BVI. At today’s presentation we gave a little glimpse of how we work in the programme.”

“We work with Governments of course to help them strengthen their enabling business environment and then we also work with the small business itself and the business support organisations to strengthen them and make them more competitive,” she said.

Hendrickson-Fleming explained that one of the programmes under the overall SME programme is a direct grant that they are offering to the small businesses. “The process that they will have to follow to participate in this process, they can always contact us at our office at Quomar Building and we could always give them that information as well as the Chamber would have more information regarding the process that they will have to follow to be a part of it,” she said.

She said that the grant is a maximum of 12,000 euro and the minimum 2,000 euro for each grant beneficiary. Following the receipt of the grant, the grantee has six months to implement their project funded by the grant.

Key Expert, British Overseas Countries and Territories Samuel K. Kruiner said that grantees will be required to send photos and completed paperwork regarding the project that was funded under the grant. “As part of EU requirements when it comes to grants you will be required to complete a set of documentation and forms [with] pictures that you will need to send to us with respect to the action that you have undertaken,” he said.

He said that the purpose of the grant is really to bring a business a step closer to what it is trying to achieve. “And of course a good performance of grantees or applicants in the programme will trigger follow up programmes from the EU or other donors who will be interested to give their support to the SMEs. So we are pleading with our applicants to make use of the grants because these kinds of things are not coming here every day,” he urged.

10 Responses to “VI SMEs urged to apply for EU grants”

  • LOL (31/03/2015, 17:08) Like (5) Dislike (1) Reply
    Politics again
    • Voters (31/03/2015, 18:29) Like (3) Dislike (0) Reply
      There is too much financial wheeling and dealing going on to get the goverment back in power It must stop
  • car rental (31/03/2015, 18:42) Like (2) Dislike (2) Reply
    the government of the day are always focused on the wrong things. Trying to deny youths a trade lic for a car rental but now telling me to apply overseas for this and that!!!
    • Hmmmm (01/04/2015, 06:45) Like (0) Dislike (0) Reply
      Great! It got too many car rentals company in the place already and the quality of some of the vehicles make me say hmmmm. Keep up the good work Trade.
  • glorey (31/03/2015, 20:00) Like (5) Dislike (0) Reply
    lord who is that in that wig
  • true tolian (31/03/2015, 20:17) Like (0) Dislike (0) Reply
    Before you all start commenting you should try understanding what it is about or
    been there.then you can comment.
  • ??? (31/03/2015, 20:23) Like (0) Dislike (4) Reply
    This is great. The new revamped Trade Department is hard at work.
    Gov should take this on the road and promote it well.
    Finally, something useful out of the UK relationship (even though EU funded).
  • more EU tax payer money (31/03/2015, 23:37) Like (6) Dislike (1) Reply
    Will the EU ex-pats be treated any better or will they still be second class citizens in a country their taxes are helping?
  • SecondClass (01/04/2015, 11:31) Like (0) Dislike (4) Reply
    They will be treated as they are. They are not citizens of the BVI so let them take what class is given to them. We don't have no class in the UK. Our class is people of colour and we are happy with that. Them aint get enough from working our forefathers for nothing? What more they want?


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