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Film producers, craft exporters can now tap into EU funding
The Georgetown Chamber of Commerce and Industry (GCCI), in collaboration with the
Local film producers and craft exporters can now tap into a special EU fund.
Caribbean Export Development Agency (Carib Export), is set to host a workshop on the Direct Assistance Grant Scheme which forms part of their regional private sector development programme.
The workshop will be held on Wednesday at the Pegasus Hotel. According to the GCCI, ideally, it is for those small to medium size enterprises (SMEs) that wish to engage in the export of goods and services, or are currently involved in same, but require assistance in specific areas. Entities engaged in creative industries such as arts and craft, music and video production and film producing are especially encouraged to attend because of the challenges they encounter due to current financial rules and regulations.
Caribbean Export Development Agency, which is funded by the European Union’s 10th European Development Fund (EDF), has a primary mandate to foster an enabling environment for trade and investment within the region through regional integration, cooperation and advocacy initiatives. The initiatives are designed to position the region more effectively in the world economy.
GCCI explained that one of these initiatives is to provide financial assistance to small businesses through their Direct Assistance Scheme. The scheme is designed to support businesses with strong potential to export their products and services.
President of GCCI, Clinton Urling, noted that the collaboration will position small exporters to broaden their scope in the Caribbean and further afield.
“This workshop is in keeping with the Chamber’s acute awareness of the fundamental role that SMEs play in the local economy and therefore need all the necessary help and encouragement to expand their business horizons,” he said.
To be eligible, applicants must be operational for at least two years and supported by two years financial statements/accounts and must demonstrate that they were able to finance and sustain their projects fully at the outset; that 100% financing is available prior to project initiation.
The amounts include grants of between €5,000 – €30,000; €1,000 to €5,000 and will have a maximum duration of six months.
Interested participants are asked to register with the Chamber’s Secretariat.
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