January 21, 2020

CARIFORUM firms can get the edge once again with a Direct Assistance Grant

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Bridgetown, BARBADOS, May 2, 2019.The Caribbean Export Development Agency (Caribbean Export) in cooperation with the European Union is accepting proposals from firms for grants of up to €30,000 the equivalent of approximately $33,000 USD, under their 2nd Call for Proposals for the DIRECT ASSISTANCE GRANT SCHEME (DAGS).

In the 2018, 1st Call for Proposals over 2,1Mwas awarded to fifty-three (53) CARIFORUM firms that successfully applied for a grant. Businesses from a range of sectors including agro-processing, manufacturing, tourism, services, wood products, renewable energy, film and tv production, information technology and alcoholic beverages were awarded grants.

“We were encouraged to see the diversity of proposals from companies looking for a grant” shared Damie Sinanan – Manager, Competitiveness and Export Promotion at Caribbean Export. “This time we have reduced the maximum value of the grants available in an effort to provide more grants to firms and make it more accessible” he continued.

The DAGS is reimbursement grant funding facility causing firms to fund their projects upfront and be reimbursed at their completion. The fund was specifically designed to provide much needed financial assistance to legally registered CARIFORUM firms and individuals that are exporting or have the potential to export their products and services.

This latest Call for Proposals is open until June 11, 2019 and interested companies are asked to visit the Caribbean Export website at www.carib-export.com for further information.

About Caribbean Export

Caribbean Export is a regional export development and trade and investment promotion organisation of the Forum of Caribbean States (CARIFORUM) currently executing the Regional Private Sector Programme (RPSDP) funded by the European Union under the 11th European Development Fund (EDF) Caribbean Export’s mission is to increase the competitiveness of Caribbean countries by providing quality export development and trade and investment promotion services through effective programme execution and strategic alliances.

More information about Caribbean Export can be found at www.carib-export.com. Contact: JoEllen Laryea, PR and Communications, Caribbean Export Development Agency, Tel: +1(246) 436-0578, Fax: +1(246) 436-9999, Email: [email protected]

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