EU and Caribbean Export launch BRIDGE to accelerate MSME growth

The Caribbean Export Development Agency (Caribbean Export), in collaboration with the European Union’s Global Gateway initiative, has unveiled a groundbreaking facility to empower micro, small, and medium-sized enterprises (MSMEs) across the Caribbean. Named the Building Resilient Innovation for Digital & Green Enterprises (BRIDGE) facility, the program provides co-financing of up to EUR 100,000 to help MSMEs adopt sustainable and digitally advanced business models. The initiative is strategically designed to address two critical priorities for the private sector: green transition and digital transformation. Through two distinct funding streams, MSMEs can secure financial support to accelerate their growth and competitiveness. The Green Transition stream offers co-financing of up to EUR 100,000 (covering 60% of project costs) for initiatives in renewable energy, sustainable agriculture, circular economy, blue economy, and green technologies. Meanwhile, the Digital Transformation stream provides up to EUR 50,000 (60% of project costs) for projects in e-commerce, business process automation, cybersecurity, digital products, and supply chain digitization. Beneficiaries are required to contribute at least 40% of project costs, ensuring a shared commitment to success and sustainability. Dr. Damie Sinanan, Executive Director of Caribbean Export, highlighted the transformative potential of BRIDGE, stating, ‘This initiative is about co-investing in the future of our businesses. By supporting green and digital transitions, we are enabling businesses to reduce costs, innovate, and access new export markets, ultimately fostering a more competitive and resilient Caribbean economy.’ Fiona Ramsey, the EU Ambassador to Barbados and the Eastern Caribbean States, echoed this sentiment, emphasizing the EU’s commitment to supporting Caribbean businesses in achieving sustainability and digitalization. Applications for the BRIDGE facility are now open and will close on November 9, 2025. Eligible firms can access detailed guidelines, application forms, and budget templates on the Caribbean Export website.