Local businesses encouraged to take advantage of regional funding scheme

Small business owners, with the capacity to export goods and services outside Antigua and Barbuda, are being encouraged to take advantage of the funds that are available under a programme being facilitated by the Caribbean Export Development Agency.
Asot Michael, minister of investment and trade, made the appeal on Wednesday during the launch of the Direct Assistance Grant Scheme (DAGS) in Antigua.
DAGS, which is facilitated by the Agency as part of the Regional Private Sector Development Programme (RPSDP) funded by the European Union under the 10th European Development Fund (EDF), is a reimbursement grant funding facility specifically designed to provide financial assistance to  registered firms and individuals with potential to export their product and services.
Small business owners can apply for grants of up to €30,000 or U.S.$ 42,000 providing they meet the eligibility criteria, their applications are accepted and they are exporting or demonstrate the potential to export goods and services.
Speaking during the ceremony held at Trade Winds Hotel, the minister said the opportunity for growth is available to all in the private sector.
“It is time to fully embrace your role as the most fitting catalyst for economic growth, no business is too small. Opportunities for growth are available to all,” Michael said.
(More in today’s Daily Observer)