11TH European Development Fund Implementation Report 2017- 2023

In addition to capacity-building endeavors, four distinct grant programmes were administered during the RPSDP:

Direct Assistance Grant Scheme (DAGS) 2018 & 2019

Direct Support Grant Programme (DSGP)

Technical Assistance Programme (TAP)

Dominican Republic Grant Scheme (DRGS)

Across these initiatives,

Amounting to the value of €7,371,252.23 million

a commendable total of 288 grants were awarded to businesses

Such financial support has been instrumental in facilitating business growth and expansion initiatives across the CARIFORUM region.

i. Increased Innovation and Use of Green Energy Alternatives Private sector firms are constantly challenged with high production costs, and low productivity levels, along with weak linkages to the green economy. This complex set of challenges had gotten in the way of the support delivered under the 10th EDF RPSDP. In response to this reality, the Agency designed and developed tailored programme initiatives to directly address these complex problem areas at the firm level. These initiatives were implemented during the life cycle of the 11th EDF RPSDP. The programme assisted firms in becoming more energy-efficient by implementing a range of interventions, so that they are better positioned to capitalise on the green energy economy and to be more globally competitive. Through these concerted efforts, substantial strides were made in fostering a conducive environment for private sector development and export promotion within the CARIFORUM region. By equipping businesses with the necessary tools, resources, and financial assistance, the programme has played a pivotal role in enhancing the region's economic resilience and competitiveness in the global marketplace and the achievement of the results outlined in the Table 1. Furthermore, Caribbean Export continued its commitment to bolstering firms' competitiveness through the implementation of export development and promotion initiatives. Notably, the programme facilitated the participation of 218 businesses in 19 distinct regional and international trade events. These events served as crucial platforms for CARIFORUM firms to showcase their products and services, forge valuable partnerships, and explore new market opportunities on a global scale.

Implementation of the 11th European Development Fund (EDF) Regional Private Sector Development Programme (RPSDP)

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