DEADLINE FOR PHASE II OF GRANT PROGRAMME FOR BUSINESSES – OCT 9

PRESS BRIEFING – FRIDAY, OCTOBER 2, 2020 

DEADLINE FOR PHASE II OF GRANT PROGRAMME FOR BUSINESSES – OCT 9

The Cayman Islands Centre for Business Development (CICBD) announces that the deadline for entrepreneurs and business owners to apply for support under Phase II of the grant programme being offered by Government to micro and small businesses is Friday, October 9.

Under Phase II of the grant programme, support packages for micro and small businesses will be provided to cover wages, digital enablement, commercial rent assistance, business-process innovation grants and customised business-continuity plans.

Micro business will be able to access packages not exceeding $10,000.00, while small businesses may access packages up to $20,000.00.

The general eligibility requirements include:

• Applicants must have an up-to-date trade and business licence and other relevant licence/permit;
• Must meet definition of small or micro business as per the Trade and Business Licensing Law
• Must be compliant with all relevant industry regulations