Government Looking to Provide More Funds for Local Entrepreneurs

The Cabinet examined the workings of the Entrepreneurial Development Programme (EDP) in order to determine to what extent its operation can be improved. It was agreed that the threshold for certain projects could be raised from the current amount to $500,000.00. Entrepreneurs who have projects that could result in a high return on investment, who may not have the necessary capital, ought not be turned away but financed in part by the EDP. The policy will change. A subvention to top-up its current balance will also be made available to the EDP.