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MSME Programme Managed by Invest TCI Announces Improved Amendments to the Programme

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#TurksandCaicos, December 9, 2022 – The Micro Small and Medium Enterprise (MSME) Programme managed by Invest Turks and Caicos Agency (Invest TCI) announced improved amendments to the Programme.

Invest TCI hosted a press briefing on Tuesday, December 6th at 10am at Beaches Turks and Caicos Resort Villages & Spa to announce the exciting amendments to the MSME Programme. Present at the conference were The Honourable E. Jay Saunders, Deputy Premier and Minister of Finance, Investment & Trade, The Honourable Rachel Taylor, Minister of Education, Employment and Customer Service, representatives from various government departments, key stakeholders, MSMEs, the media and other specially invited guests.

April 2016 saw the commencement of the Government’s MSME Programme, which Invest TCI manages with support from the Ministry of Finance. Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide concession orders to qualifying locally owned businesses operating in identified priority business sectors. The concession orders permit a company or start-up to receive specific benefits, namely: cash grants, customs duty reduction, and technical assistance, depending on the size of the business. The recent amendments to the MSME Programme see an expansion in the qualifying sectors, increases in cash grants depending on the size of the business, further coverage for technical assistance and provision for businesses to access an additional $10k if they meet specific KPIs. Additionally, MSMEs will experience a more streamlined application process with user-friendly forms.

The expanded sectors include:

  • Heritage/Cultural Historical Preservation Projects
  • Public/Mass Transportation
  • Healthy Living/Lifestyle
  • Food Processing/Food Packaging
  • Highly skilled or specialized services such as accountants, surveyors, engineers, Technicians, STEM (science, technology, engineering, mathematics)
  • Business with a direct correlation to the TVET Programme (majority owned by TVET graduate)
  • Renewable Energy/Energy Efficiency
  • Sea Salt Harvesting/Processing
  • Waste Management/Collection

Additional benefits for technical assistance include $5,000 for micro, $10,000 for small, and $15,000 for medium businesses.  The cash grant amount increased to $10K for micro, $20K for small, and $30K for medium enterprises.

Commenting on the event, Alexa Cooper, VP of SME Development, stated, “Firstly, I want to acknowledge and thank the team who worked diligently behind the scenes on the amendments to the MSME Programme. With the announcement of these new amendments and Invest TCI’s efforts to promote and streamline processes and procedures, we expect an exponential increase in applications, Concession Orders, and the value of benefits. Our goal is to exhaust the budget and ensure that MSMEs receive the help they need to run successful businesses”.

Angela Musgrove, CEO of Invest TCI, further stated, “We encourage locally owned small businesses and start-ups to take advantage of the opportunity and apply for assistance. Entrepreneurship plays a vital role in economic development and creates new enterprise that energizes the economy. We urge more entrepreneurs to contact us at Invest TCI to assist in bringing their projects to reality.”

The Honourable E. Jay Saunders, Deputy Premier and Minister of Finance, Investment & Trade, remarked, “I am delighted to see these amendments become a reality. As the MSME Programme falls under the Ministry of Finance, I was personally invested in ensuring a successful outcome from Cabinet. Honourable Saunders further stated, “It is our goal to empower entrepreneurs and assist in providing the necessary resources to kickstart their businesses. We want to ensure that Invest TCI’s activities are aligned to strategically focus on MSMEs with deliberate efforts to place greater emphasis on supporting domestic investment and entrepreneurship so that Turks and Caicos Islanders are empowered entrepreneurs and contributors to the TCI economy”.

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ANDY BURNHAM, NEW UK PM’S FIRST ORDER: LOWER THE COST OF LIVING

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Britain’s new Prime Minister launches his administration with tax relief aimed at easing pressure on household budgets as affordability becomes a defining issue for governments worldwide.

 

By Deandrea Hamilton | Magnetic Media

 LONDON, England — Andy Burnham has wasted little time signaling a new direction for the United Kingdom, making the cost of living the first priority of his administration with a plan to reduce household electricity bills through tax relief.

The newly elected Prime Minister announced that Value Added Tax (VAT) will be removed from domestic electricity bills beginning October 1, describing the measure as part of a broader effort to make everyday life more affordable for working families. The move fulfills a key campaign promise and marks an early shift in the government’s economic agenda.

Burnham inherits a nation still grappling with stubborn inflation, rising household expenses and years of political turnover. His opening policy signals an intention to focus on practical measures that deliver immediate financial relief while restoring confidence in government.

The announcement also resonates across the Caribbean, where affordability remains a pressing concern. In the Turks and Caicos Islands, the Government has just concluded its one-time cost-of-living assistance programme for qualifying residents. While the approaches differ, both reflect a growing recognition that easing financial pressure on households has become one of the defining challenges facing governments today.

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Six Unauthorised Structures Demolished During Multi-Agency Planning Enforcement Operation

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Before demolition

After demolition

Providenciales, Turks and Caicos Islands – Friday, 17 July 2026: The Planning Department, with support from the Informal Settlements Unit (ISU), and the Crown Land Unit conducted a coordinated enforcement operation on Thursday, 2 July 2026, resulting in the demolition of six unauthorised structures on private property at Block and Parcel 60502/48. Security for the operation was provided by the Royal Turks and Caicos Islands Police Force.

The enforcement action followed the issuance of an Enforcement Notice by the Planning Department on 29 January 2026, advising the persons responsible for the structures that they had been erected without the necessary planning approval and were required to be removed. Following the expiration of the compliance period, a multi-agency operation was organised to carry out the demolition.

Before demolition activities commenced, personnel conducted a comprehensive inspection of the site to confirm that all structures were unoccupied and free of gas cylinders or other hazardous materials. These precautionary measures were undertaken to safeguard the welfare of both the enforcement teams and the public while ensuring the operation was carried out safely and efficiently.

Upon completion of the exercise, participating agencies returned to Police Tactical Headquarters for a debrief, marking the successful conclusion of another coordinated enforcement effort.

The Government of the Turks and Caicos Islands reminds members of the public that all construction activities must receive the appropriate planning approvals before work begins. The Planning Department will continue to work alongside its partner agencies to enforce the Planning Ordinance, promote orderly development and ensure that construction throughout the Islands complies with the applicable laws and regulations.

Members of the public are encouraged to familiarise themselves with the planning approval process and to seek guidance from the Planning Department before undertaking any development to avoid enforcement action and loss of money invested.

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DDME’s Hurricane Hunt Scavenger Hunt Sparks Community Spirit and Storm Preparedness in Providenciales

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Department of Disaster Management and Emergencies: Providenciales, Turks and Caicos Islands — Fifteen teams raced across Providenciales on Saturday July 4th for the inaugural DDME Hurricane Hunt, a community scavenger hunt designed to combine friendly competition with hurricane preparedness education.

Teams were given a bag of supplies and 15 cryptic clues, participants had less than two hours to pinpoint locations and collect hurricane must-haves; including water jugs, shovels, flashlights and other supplies that every household should have on hand ahead of a storm.

The challenge tested not only participants’ local knowledge and navigation skills, but also their teamwork under time pressure; all while reinforcing practical lessons about what it takes to stay ready when a storm approaches.

Beyond the hunt itself, the event drew a lively crowd of families and supporters who turned out to enjoy a full day of festivities. Attendees took part in games, received free gifts, face painting, canvas painting, bounce houses and visited vendor booths; while enjoying fresh food off the grill throughout the afternoon.

“This event brought together the best of both worlds; a fun, high-energy competition and a meaningful reminder of how important it is for our community to be prepared,” Mr. Aaron Ballantyne, Community Preparedness Officer for Providenciales. “Seeing 15 teams fully engaged, racing to landmarks across the island while learning what belongs in a hurricane kit, was exactly the outcome we hoped for.”

DDME extends their sincere gratitude to the stakeholders that partnered with the event and generously donated their time, resources and efforts to make it a success: The Turks and Caicos Islands Red Cross, The Oseta Jolly Primary School, The Royal Turks and Caicos Islands Police Force, Do It Center (Building Materials), KB Homes, Digicel TCI, Frost Cay and Clint Grilling and Catering Services, along with all other vendors who were solicited.

The event’s success was also made possible by the private organizations and government departments that opened their locations to serve as scavenger hunt sites, allowing the hunt to unfold across the island; from Chalk Sound to Long Bay.

The quick thinking first place team consisted of; Neekimo King, Keturah Miller-Brown, Lashaunda Dickenson and Kebba Thomas who all walked away with exciting prizes.

Ms. Bernadya Smith, Public Information and Media Manager stated; “With hurricane season underway, this event, along with our recent Hurricane Expo held in Grand Turk and community pop-ups throughout the country, is a testament to DDME’s commitment to blending community engagement with year-round storm readiness. We look forward to making this event an annual staple that brings families together while keeping preparedness at the forefront of every community we serve.

Follow DDME social media pages to stay up to date with upcoming events and to join their weekly quizzes for a chance to win exciting prizes all hurricane season long.

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