Saint Lucia has unveiled a groundbreaking co-financing initiative designed to empower small and medium-sized enterprises (SMEs) in their journey toward green transition and digital transformation. The Building Resilient Innovation for Digital & Green Enterprises (BRIDGE) programme, spearheaded by the Caribbean Export Development Agency (Caribbean Export) with backing from the European Union’s Global Gateway initiative, offers co-financing of up to €100,000 to eligible SMEs. This initiative aims to bolster innovation and resilience in the region’s business landscape. To ensure local businesses can capitalize on this opportunity, Caribbean Export will host a capacity-building session titled ‘Expanding Access to Finance’ on October 27 at Coco Palm, Rodney Bay, starting at 9:00 a.m. The session will feature interactive discussions, providing participants with practical insights into financial services and products tailored for micro, small, and medium enterprises (MSMEs). Attendees will explore diverse financing options, including commercial banking, credit unions, microfinance, equity financing, and grant opportunities. Additionally, a past grant beneficiary will share their experience, offering valuable perspectives on the application process and the transformative impact of funding. The event will also introduce the EU-funded BRIDGE Grant Facility, detailing its application process, eligibility criteria, and priority areas such as support for women and youth-led businesses, digital transformation, and green transition. Caribbean Export’s broader goal is to enhance SME competitiveness and export readiness across the region. The sessions will equip participants with essential skills for crafting effective grant proposals, covering topics such as the grant lifecycle, key components of successful applications, and practical writing techniques.
Caribbean Export offers up to EUR€100 000 in co-financing for Saint Lucian SMEs
