Maritime, among other sectors, now eligible for the grant fund facility
The recent expansion of the Grant Fund Facility (GFF) provides financial support to small and medium sized enterprises (SMEs) operating in the Maritime Services sector.
The facility, which is administered by ExporTT Limited, is accessible to Maritime companies involved in:
· Ship building, repair, and maintenance;
· Servicing of vessels, including yachts, such as fiberglass work, welding, woodwork, upholstery services, sail making, electronics and electrical work, painting and rigging;
· Hospitality services;
· Travel agency services; and
· Yacht brokerage.
These businesses, once in operation for a minimum of two (2) years, can access up to TT$250,000.00 to cover the cost of new equipment, software and tools, or any other new capital requirements/expenditure. The Grant does not cover working capital and land and building costs.
Funding under the Grant Fund Facility is also available to SMEs in prioritized sectors of Financial services; aviation services; fishing and fish processing; software design and applications; creative industries; agriculture and agro-processing; and manufacturing.
Further details on the eligibility for the Grant Fund Facility is available on the Ministry’s website www.tradeind.gov.tt