BVI News

Development fund created for businesses

Small business in Road Town. (File Photo)

Government is offering loans to persons whose businesses were damaged or destroyed during the hurricanes.

This is according to Premier Dr D Orlando Smith who made the announcement at a press conference on Friday.

“I’d like to announce that the government will be creating a special Business Development Fund. Businesses will be able to apply for loans within the next two weeks.”

He said government is implementing the fund in a bid to rebuild the storm-struck economy.

“It is a priority for me to ensure that your local businesses are up and running and that they continue to provide goods and services to us and also jobs to our people for the continuation of our economy,” said Dr Smith who called on ‘various agencies’ to assist.

Smith said his government will also provide generators to businesses that are still without power in the aftermath of hurricanes Irma and Maria.

“We expect them to be on island within the next coming weeks and these generators will be donated to businesses.”

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