Small Business Bureau training bill tops $140M from 2013 to October 2016

Participants in a Small Business Bureau awareness and training session in Region Nine.

The training component of the GRIF-funded Micro and Small Enterprise (MSED) Project has, since its launch in 2013, cost $141,138,180 (US$643,800).

During the almost four years (2013 to October 2016) since the programme has been on stream the Bureau has provided training for 1,318 persons in more than 15 disciplines.

A breakdown of the annual training expenditure by the Bureau indicates that it expended $2,045,000 during 2013; $14,945,500 in 2014; $10,166,000 in 2015 and $113,981,680 in 2016, up to October. The Bureau said it projects spending $132,944,700 on training next year.