Trinidad and Tobago’s Ministry of Trade and Industry, late in December, issued an invitation to the country’s small and medium-sized enterprises to begin to submit applications for funding under government’s Grant Fund Facility which is available to qualifying businesses to help build capacity and increase business competitiveness, a recent report in a section of the Port-of-Spain media says.
The report says that the Grant Fund Facility was set up in 2017 and initially intended to help equip the country’s manufacturers and agro-processors with financing with which to increase their productivity, enhance more innovative and high-value products and increase exports of locally produced goods.
In 2019 the authorities expanded the scope of eligible areas for which funding was available to provide additional opportunities for Small and Medium Enterprises (SMEs) involved in the production of high value-added products and services that could hold their own in competitive external markets and consolidate the economy’s diversification pursuits.
