With over 2,000 grants distributed to support small businesses within the past two years, Budget 2023 caters for an increase of 40 per cent in outlays to develop small entities, Minister of Tourism, Industry and Commence, Oneidge Walrond said.
“…in the area of small business, we have disbursed well over 2,000 grants directly to small-, medium- and micro-enterprises in the two years since coming to office. Over 2,000 grants Mr. Speaker. Last year we disbursed 1,430 grants to these enterprises through the Small Business Development Fund,” Walrond said as she addressed the allocations to her ministry in the budget.
This year’s budget contains some additional $300 million for disbursement to businesses in the start-up phase.
