Local News
Virgin Islands Government Opens Applications for Small Business Grant Program
The Government of the Virgin Islands, through its Ministry of Financial Services, Labour and Trade, has officially launched the Micro, Small, and Medium Enterprises (MSME) Grant Programme, an initiative designed to bolster business growth and economic development within the Territory.
The first round of grants is now open for applications and will remain so until September 30. Application forms are available on the Government’s official website (www.gov.vg). Eligible businesses interested in applying must complete the application forms and submit them via email to mfslt@gov.vg with the subject line “MSME Grant Programme.”
Additionally, the Ministry is seeking experienced professionals to join the Selection Committee for the MSME Grant Programme. This committee will be instrumental in evaluating applications and awarding grants to local small businesses that show significant potential to contribute to the Virgin Islands’ economy. Ideal candidates should possess expertise in business development, finance, or related fields, alongside strong analytical skills and a dedication to fostering economic growth in the community.
Interested candidates are encouraged to apply for the Selection Committee by submitting a cover letter and a current resume or curriculum vitae to mfslt@gov.vg, using the subject line “MSME Selection Committee.”
The Ministry of Financial Services, Labour, and Trade views this as a pivotal opportunity to support local businesses and professionals, with a focus on strategically enhancing the economic landscape of the Virgin Islands through targeted assistance and development initiatives.
Click below link for MSME Grant Application:
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Business
British Virgin Islands Seeks Consultancy for Digital Economy Overhaul
The government of the British Virgin Islands (BVI) has issued a tender for proposals to revolutionise its digital economy. This ambitious project will involve the development of digital identities, ID systems, payment platforms and data exchange frameworks. The winning bid will be responsible for evaluating the current state of government agencies and the territory’s digital public infrastructure.
According to the tender released on September 12, the chosen consultant will report directly to the Permanent Secretary and collaborate closely with the Digital Transformation Steering Committee. The consultancy will be structured into three key phases:
Phase One: Digital Maturity Assessment
This phase will involve assessing the current digital maturity of government entities by identifying gaps and benchmarking against best practices. The assessment will cover IT infrastructure, policies, platform development and maintenance, service delivery channels, data management practices, and the digital literacy of government employees.
Phase Two: Strategy Development and Implementation Roadmap
In this phase, the consultant will develop a comprehensive Digital Transformation Strategy and an implementation roadmap. This will include outlining initiatives, timelines, resource allocation, prioritisation, risk management, and a Monitoring, Evaluation, and Learning (MEL) framework.
Phase Three: Enabling Environment
The final phase will focus on reviewing the existing legal, regulatory, and policy framework. The consultant will propose reforms to align with international standards and best practices in data protection, cybersecurity, and emerging technologies.
The tender explained that this phase will also aim to promote innovation and growth in the digital economy while safeguarding public interest and consumer rights. Additionally, it will ensure that digital transformation efforts are inclusive and suited to the specific context of Caribbean Small Island Developing States (SIDS).
The consultant will also conduct a cybersecurity risk assessment and develop a comprehensive cybersecurity framework.
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