Caribbean Export Implementation Report 2017-2020

ACCESS TO FINANCE PROGRAMME: PROVIDING MORE FUNDING OPPORTUNITIES FOR FIRMS DIRECT ASSISTANCE GRANT SCHEME (DAGS)

The DAGS is Caribbean Export’s premier access to finance facility designed to support exporting businesses or those that have strong export-potential. In a business climate where commercial banks and other financial institutions remain largely inaccessible to the region’s SMEs, this is a necessary grant facility.

Under the 11th EDF DAGS calls for proposals in 2018 and 2019, a total of one hundred and eight (108) grants valued at €3,772,334.71 were awarded to CARIFORUM firms. Awardees were from:

Antigua and Barbuda (6)

Barbados (7)

Belize (6)

Dominica (5)

Dominican Republic (8)

Grenada (3)

Guyana (8)

Haiti (4)

Jamaica (26)

St. Kitts and Nevis (2)

Saint Lucia (9)

St. Vincent and the Grenadines (9)

Suriname (3)

Trinindad and Tobago (15)

Chart 1 below shows the breakdown of CARIFORUM DAGS awardees by sector:

30.6%

8.3%

Agro-processing

Services

1.9%

9.3%

Tourism

Alcoholic Beverages

Film Production & Distribution

0.9%

0.9%

Wood Products

Information Technology

4.6%

0.9%

Creative Industries

Environmental Management

39.8%

0.9%

Manufacturing

1.9%

Renewable Energy

17