Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the blog-designer-pack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/sbb/public_html/wordpress/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the breadcrumb-navxt domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/sbb/public_html/wordpress/wp-includes/functions.php on line 6114
Over $400 million for Small Business Support
Menu Close
  • Recent News
  • Over $400 million for Small Business Support
sbbstaff

– $100 Million for the Small Business Development Fund

– $212.1 Million to the Small Business Bureau

– $105 million for Sustainable Livelihood and Entrepreneurial Development Programme

The Government has allocated $100 Million for the Small Business Development Fund, which will help to provide loans and grants to prospective small business owners.

Further, Minister of Public Works, Hon. Bishop Juan Edghill, during the budget presentation today, explained that the Government is examining the feasibility of expanding the grant programme to a level above the current $200,000 ceiling.

Measures in support of private sector development, especially small businesses in the budget also includes a provision of $212.1 Million to the Small Business Bureau. This included monies to equip and operationalize the business incubators at Lethem and Belvedere, Minister Edghill said.

Other measures include an allocation of $105 Million to the Sustainable Livelihood and Entrepreneurial Development Programme, which the Minister explained is being redesigned.

This redesign will “ensure that the intended outcomes of small and micro business development and livelihood improvements are being demonstrably achieved,” the Minister said.

The Government’s suite of measures, which also includes reversing the VAT on electricity, water, machinery and equipment, exports, and materials for the construction sector, among others, is towards improving the viability of small business start-ups and the sustainability of existing businesses, Minister Edghill said.

Source: https://dpi.gov.gy/over-400-million-for-small-business-support/