A Grant Fund Facility of TT$10 million for the Micro and Small Enterprises within the yachting sector has been established.
On Wednesday, Minister of Trade Paula Gopee-Scoon made the announcement at the Peake’s Yacht Services in Chaguaramas, saying that “micro businesses, will be eligible for up to TT$20,000. Small businesses can access up to TT$50,000.”
The Government says among those eligible will be those skilled in providing fiberglass work, welding, woodwork, and so on. Those involved in other related work including hospitality services, haul out facilities, etc. are also eligible. The
President of the TTCSI, Mr. Mark Edghill, acknowledged the efforts and commitment shown by the Trade Minister to prioritise the revitalisation of the yacht services sector in Trinidad and Tobago.