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Caribbean Export and EU offer grants to regional private sector
Published on January 18, 2014 Email To Friend    Print Version

BRIDGETOWN, Barbados -- The Caribbean Export Development Agency (Caribbean Export) has announced the publication of the call for proposals for both the accelerated and regular procedures grant facilities under the well known direct assistance grant scheme as part of the regional private sector development programme (RPSDP) funded by the European Union under the 10th European Development Fund (EDF).

The direct assistance grant scheme is a reimbursement grant funding facility specifically designed to provide financial assistance to legally registered firms, individuals and business support organisations (BSOs) that have the potential to export their products and services.

After conducting a series of workshops for firms and BSOs throughout 2012 and 2013, across CARIFORUM to increase the schemes awareness and ultimately increase the number of applications received, the release of this call for proposals is expected to result in a record number of applicants to utilise the funds made available via the 10th European Development Fund.

Grants of up to €30,000 can be received by firms that meet the eligibility criteria, whose applications are accepted and are exporting or demonstrate their potential to export goods and services.

“The announcement of this facility is timely in view of many of the regions private sector requiring financial assistance to develop or enhance their businesses to be more competitive in the international market,” said Pamela Coke-Hamilton, executive director at Caribbean Export.

Applying firms are encouraged to work with their national BSOs who have been trained to provide assistance when preparing applications. As in previous calls, Caribbean Export has facilitated the submission of applications in four languages (Dutch, English, French or Spanish) ensuring access by firms from the non-English speaking Caribbean.
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