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EU money available for TCI smaller business owners; workshops planned to train on accessing it

Providenciales, 02 Jul 2015 – A ministry of Finance supported initiative will see small and medium size business owners exposed to opportunities for funding through Direct Assistance Grants; over $21 million dollars is available through the 10th European Development Fund.

The program, which has been offered to all Caribbean Overseas Territories was launched last year in April in the British Virgin Islands and this weekend will see two training meetings; one in Grand Turk, the other in Provo. Arthur Been of the Ministry of Finance said: “This partnership with COSME will allow business persons and potential business persons operating in the Micro, Small and Medium size Enterprise (MSME) Sector and potential business persons in TCI to benefit from attending any one of the two public workshops.”

These workshops will introduce the Caribbean Overseas Territories Small Medium Enterprises (COSME) Project to understand the application process. There are three main objectives for the trainings: to strengthen the capacity of the Governments to service the business sector; to improve the capacity of Business Service Organizations (BSOs) to engage in public-private policy and administrative reform dialogue with Governments and to promoting stronger collaboration, trade and investment relations among the EU, CARIFORUM and the Caribbean OCTs.

As for the specifics dates and times and venues for the trainings: this evening (July 2) at 5pm at the HJ Robinson High School in Grand Turk and on Friday, July 3rd at the Tropicana Plaza, in Lower Bight in Provo at 5:00 pm.

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