The government has launched an EC$100,000 grant programme aimed at supporting micro and small businesses. The Ministry of Finance has allocated the funds to address issues like limited access to finance, skills gaps, new technology needs, and challenges with market research and sustainability. Each successful applicant will be eligible for a grant of up to $10,000 for their business and the grants do not need to be repaid, economic development minister Kyle Hodge said this week.
Speaking during a press conference on 26 May, he encouraged eligible business owners to apply through the Ministry of Economic Development. “Here’s a great opportunity for anyone owning a micro or small business – whether you’re experiencing cash flow issues, whether you want to to increase your stock or whether you want to expand,” he said.
