News
30 applications received for Small Business Grant
ROAD TOWN, Tortola, VI- Thirty (30) applications have been received for the Small Business Development Grant Programme aimed at empowering local entrepreneurs and stimulating economic growth in the Virgin Islands (VI).
HoA approves $100M loan from CIBC
ROAD TOWN, Tortola, VI- A motion for the government of the Virgin Islands (VI) to borrow one hundred million dollars ($100m) from Canadian Imperial Bank of Commerce (CIBC) was passed in the House of Assembly (HoA) on Thursday, September 26, 2024.
Applications open for Small Business Development Grant
ROAD TOWN, Tortola, VI- Applications are now open for the Small Business Development Grant Programme, which was launched in August 2024.
USVI to receive $384m from FEMA for school rebuilding
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- The US Virgin Islands (USVI) is set to receive a substantial $384.8 million investment from the Federal Emergency Management Agency (FEMA) to demolish and rebuild hurricane-damaged schools, marking a significant advancement in the territory's recovery efforts from hurricanes Irma and Maria in 2017.
Gov’t working to secure funding for 38 miles of roadworks– Hon Kye M. Rymer
ROAD TOWN, Tortola, VI– Minister for Communications and Works Hon Kye M. Rymer (R7) says despite some remedial works ongoing on the roads in the Virgin Islands (VI), the government is still looking to secure major funding for the repair of 38 miles of road.
Cabinet approves financial support for VI’s athletes qualifying for 2024 Olympics
ROAD TOWN, Tortola, VI- Athletes qualifying for the 2024 Summer Olympics in Paris can look forward to final support from the Government of the Virgin Islands as they prepare for competition.
Plaskett secures over $10M for USVI community projects in federal bill
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI - The passage of the Consolidated Appropriations Act 2024 by the U.S. House of Representatives earlier this week was a moment of triumph for Congressional Delegate Stacey Plaskett, who reported that twelve of her office’s Community Project Funding Requests were included in the measure.
COP28: We will promote the VI’s 'readiness to receive funding & investment'- Premier
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has said the [British] Virgin Islands’ presence at the 2023 United Nations Climate Change Conference (COP28) in the United Arab Emirates (UAE) presents an excellent opportunity to advocate in an international forum for the needs of Small Island Developing States (SIDS) that are especially vulnerable to ill-effects of climate change.
Hundreds of millions needed for recovery projects in VI- Premier Wheatley
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has said hundreds of millions of dollars are needed to fund hurricane recovery and development projects in the [British] Virgin Islands and he is seeking the United Kingdom’s support in getting the necessary loans.
Gov’t receives $1.3M grant for RESEMBID BVI SMART Initiative
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands has received grant funding to execute the RESEMBID BVI SMART © Initiative - SMART Schools Project in the amount of €1,300,448.47 EUR, which is equivalent to $1,316,243.37 USD.
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