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Aug 5, 2008

BELTRAIDE seeks funding from CEDA

Story PictureIt’s job is mainly to promote entrepreneurial development, investment and marketing for small and medium enterprises in Belize and today the Belize Trade and Investment Development Service, BELTRAIDE, put forth its application to the Caribbean Export Development Agency for future grant funding. It’s an important undertaking, says the organization’s General Manager, Roberto Harrison, as these monies help to create an important source of income and wide opportunities for the nation’s smallest business persons.

Roberto Harrison, General Manager, BELTRAIDE
“Today we are collaborating with Caribbean Expert Development Agency, a regional body that supports small and medium entrepreneurs as well. This particular programme seeks to provide grant funding to the manufacturing sector, the services sector, and to promote products, primarily for the export market. We know that as part of our national export strategy, we are also promoting other sectors like tourism and agro-processing, environmental goods and services and information and communication technology. As some sectors have great potential for export development in Belize. BELTRAIDE has gotten the experience and will be bale to put forward many more projects than we did in the first phase. I think in the first phase there was only two projects that we submitted and I think we can do more than that now.”

Philip Williams, Exec. Dir., Caribbean Export Dev. Agency
“We are trying to bring to the attention of the fifteen member states of CARIFORUM, details of the new project with the E.U. This is phase two of the Caribbean Sector Development Program funded by the E.U. Phase two, which has just started, will involve seven million Euros which has been made available to Caribbean Export and a number of projects within that programme which we are trying to bring to the attention of member states. We’re looking particularly for innovation. The grant should be used to encourage companies to do something which is new, which is going to have an impact for the region and for the company over the next five to ten years. So we hope that it will not be the same old things coming forward again where essentially it is a product for maybe import substitution, but a product that can really be globally competitive and original.”

Some fifteen countries of the Caribbean benefit from funding from the European Union.

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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