Cayman: MSME Grant Programme is in phase II
The Ministry of Commerce, Planning & Infrastructure alongside the Cayman Islands Centre for Business Development (CICBD) have announced that the MSME Grant Programme - Phase II is now in full effect.
The programme is intended to stimulate economic activity among small businesses and therefore it aims to identify and support three hundred (300) micro and small businesses that have a viable market but need help retooling, pivoting or innovating to meet the needs of the new business environment.
Overall Eligibility Criteria is as follows:
i. Applicants must have an up-to-date Trade and Business Licence and other relevant licence/permit
ii. Must meet definition of small or micro business as per the Trade and Business Licensing Law
iii. Must be compliant with all relevant industry regulations
iv. As at 29 February 2020, business must have been operational for at least 12 months
v. Must be at least 60% Caymanian owned
vi. Business must be a going concern
For more detailed information please click here