funding opportunities

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FUNDING OPPORTUNITIES

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FUNDING OPPORTUNITIES. Caribbean Export Development Agency (Caribbean Export) provides direct financial assistance through its Direct Assistance Scheme to legally registered private sector firms and Business Support Organisations (BSOs) that operate within CARIFORUM Member States. - PowerPoint PPT Presentation

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Page 1: FUNDING OPPORTUNITIES

FUNDING OPPORTUNITIES

Page 2: FUNDING OPPORTUNITIES

• Caribbean Export Development Agency (Caribbean Export) provides direct financial assistance through its Direct Assistance Scheme to legally registered private sector firms and Business Support Organisations (BSOs) that operate within CARIFORUM Member States.

• CARIFORUM Member States: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Haiti, Grenada, Guyana, Jamaica, Saint Lucia, St. Kitts & Nevis, St. Vincent & the Grenadines, Suriname, Trinidad & Tobago.

HOW CAN WE HELP?

Page 3: FUNDING OPPORTUNITIES

• The Direct Assistance Scheme Provides funding assistance to companies to enhance their capacity, develop new products or access regional and extra-regional markets. Examples of activities/projects:

ASSISTANC E PROVIDED

• Research Development and Innovation

• Trade Missions• Product development• Marketing• Quality and

environmental systems• Promotional material

• Training Programmes• Marketing research• Packaging, design• Intellectual property

activities• Implementation of IT

solutions

Page 4: FUNDING OPPORTUNITIES

• Under the 9th EDF funded Caribbean Trade and Private Sector Development Programme (Phase 2) – Direct Assistance Scheme Caribbean Export awarded €2,649,953.62 to 197 firms; Programme target 150 firms.

• Disbursements to date: €913,963.08

• Final reimbursement payments to beneficiaries to be made by June 2011

BENEFICIARIES

Page 5: FUNDING OPPORTUNITIES

SECTOR/INDUSTRY ASSISTED

Apiculture 8%

Automotive 1%

Creative Industries 14%Information Communication Technology 5%

Manufacturing 21%

Mining 1%

Professional Services 14%

Business Support Organisation 4%

Health & Wellness 6%

Retail 1%

Tourism 3%Agriculture (Livestock, Fishing)

3%

Agro-Processing 19%

Page 6: FUNDING OPPORTUNITIES

• Seven (7) BSOs received awards totalling €170,000. The types of projects supported were Product and service development; health and wellness tourism development; export market development; trade missions; branding and quality management systems

Associacion de Empresas Industriales de Herrera – Dominican Republic

Jamaica Exporters’ Association Jamaica Business Development Corporation Grenada Industrial Development Corporation Belize Chamber of Commerce St. Vincent and the Grenadines Chamber of Industry &

Commerce Inc Trinidad & Tobago Coalition of Services Industries

BENEFICIARIES

Page 7: FUNDING OPPORTUNITIES

• BSOs partnerships are essential for promoting funding programmes and increasing firms ability to successfully access these schemes.

• Firms and BSOs require training in specific areas:

– EU Funding Procedures– Preparation of EU funding proposals/applications– Assisting firms in preparing reimbursement claims

9th EDF CTPSDP- LESSONS LEARNT

Page 8: FUNDING OPPORTUNITIES

• Caribbean Export will be launching the 10th EDF funded Regional Private Sector Development Programme in April 2011 which will have a New Direct Assistance Scheme for firms and BSOs

• The New Scheme will build on the success its predecessor, the 9th EDF Caribbean Trade and Private Sector Development Programme (CTPSDP).

• Private sector firms that are exporting or seeking to develop export markets for goods and services will be the target group for this Scheme.

THE WAY FORWARD

Page 9: FUNDING OPPORTUNITIES

• The New Scheme aims to further strengthen the private sector firms in competing in the global economy by providing the necessary financial assistance to:

– Develop high value added products– Enhance productivity– Increase production– Open new markets– Introduce new processes for industry, and – Induce changes in industrial oragnisation

THE WAY FORWARD

Page 10: FUNDING OPPORTUNITIES

• The New Scheme will have two types of funding facilities:

• Facility 1: General direct assistance to private sector firms in all sectors/industry and BSOs.

• Budget allocation for Delivery of Assistance €3,785,968

• Facility 2: Direct assistance to identified high priority niche sectors such as Agro-processing, light manufacturing, fashion, creative industries, professional services, specialised tourism and alternative energy.

• Budget allocation for Delivery of Assistance €1,456,097

THE WAY FORWARD

Page 11: FUNDING OPPORTUNITIES

• The New Direct Assistance Scheme documentation is being currently being drafted and will be available to firms/BSOs mid June 2011.

• The New Funding Scheme will utilise the transparent and fair Call for Proposal mechanism to process applications. There will be at least two(2) call for proposals per year for the General Direct Assistance Scheme and one (1) call for proposals per year for the High Priority Sectors Direct Assistance Scheme. Amounts to be awarded to beneficiaries are to be determined.

• The funding facilities will be promoted through Caribbean Export’s database and website (www.carib-export.com), EC Delegations, BSOs, and other relevant stakeholders.

THE WAY FORWARD

Page 12: FUNDING OPPORTUNITIES

FACES OF THE DIRECT ASSISTANCE SCHEME

Page 13: FUNDING OPPORTUNITIES

QUESTIONS

Page 14: FUNDING OPPORTUNITIES

CONTACT:Kirk BrownSenior Grant [email protected]

Thank You