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Tuesday, 08 November 2011

EU grants available for Caribbean food exporters

The Caribbean Export Development Agency is offering European Union-funded aid of up to $3.6 million per applicant for food exporters who need help improving food-safety standards.

The money is sourced from the 10th European Development Fund (EDF) under which Caribbean Export, a regional trade and investment promotion agency, is responsible for executing a Regional Private Sector Development Programme (RPSDP).

Sonia Bowen, Caribbean Export programmer in Christchurch, Barbados, says companies will have to spend first in order to qualify for the EU's free cash, which is intended to defray expenses attached to overhauling production systems and supply networks.

"It is not a loan. It is reimbursable grants. They will have to spend first before they can get the money," Bowen said on Friday. Businesses are being offered grant of €5,000 to €30,000.

Source: Jaimaica Gleaner

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