Oil and gas business development centre seeking easier access to finance for members

CLBD Deputy Director Natasha Gaskin-Peters, and CLBD Director Patrick Henry

With over 2,000 local businesses registered and 70 of those securing joint ventures or other partnerships with international businesses, the Centre for Local Business Development (CLBD) is seeking ways for members to have easier access to finance.

The CLBD is working on strategic plans with the hope that it will be able to, sometime early next year, have a programme for its members that facilitates access to financing from financial institutions, as that has been a complaint of many small businesses.

To date, some 2,000 local and 1,500 international companies are registered with the centre.