BVI News

Election promise: $10M will be pumped into Business Bureau to facilitate low-interest loans

File photo of the commercial district of Road Town.

Low-interest rate loans are being promised to the local business community under a new National Democratic Party (NDP) administration.

NDP Chairman Myron Walwyn said this would be done by pumping millions into government’s National Business Bureau (NBB).

He described assisting local entrepreneurs as one of his party’s priorities.

“This new NDP will immediately, upon taking office, fund the NBB with $10 million to provide very low-interest rate loans and in some cases grants to farmers, fishermen and other entrepreneurs seeking to further develop their business,” he said while speaking at the launch of his party’s Territorial At-Large candidates in Road Town at the weekend.

“With a strengthened NBB, we want to hold the hands of new and promising entrepreneurs and business people. We know that we must ensure that our economy first serves our people and our needs,” he said.

The NDP Chairman further said the NBB will “ensure that entrepreneurs and business owners — young and old — are able to actively participate in the development of the territory.”

The politician argued that the existing NBB must also be properly staffed with ‘experts’ to assist business owners to make good business decisions.

The NBB, which falls under the Department of Trade and Consumer Affairs, was established to cater to the needs of the Micro/Small/Medium Enterprises sector.

Its overall mandate is to create an environment where the business community could thrive.

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12 Comments

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  1. ndp heckler says:

    BVI don’t fall for this political ploy because they were there for 8 years and didn’t do it

    Like 17
    Dislike 3
  2. no not for premier says:

    He cant even get money to repair the schools because the UK doesn’t trust he or his government. So ayo don’t swallow this bull shiggidy

    Like 19
    Dislike 3
    • Soo says:

      By now everyone should be accustom of all the make believe talk during this period. After being elected everyone hold their heads high like they haven’t seen you.

  3. Blah says:

    Bvinews it would be helpful if you can do some research and list all the broken promises by NDP instread of posting whatever garbage that is thrown in our face. There are 2 manifestos from 2011 and 2015 full of promises some that even had specific deadlines and literal guarantees. We need to hold government accountable when they campaign about something and then fail to deliver. How can you make new promises knowing that you failed to deliver the last 2 terms. It’s either they think that voters are stupid or deep into blind loyalty.

    Like 15
    • Agreed ......... says:

      In fact I would do it for all the political parties over the last 15 years what has been promised, what was actually delivered, and what is still left that never got started are flat out ignored.
      BVI News, that would be a great article. Two or three part article with details would be even better!

    • Reasoning says:

      How can Mr, Walwyn be making promises when he might be at this very minute, heading to Ballo?.

      Like 3
      Dislike 2
  4. Lmao says:

    Woulda.
    Shoulda.
    Coulda.

    Walwyn, you had a chance and you not only failed but you are under inv——tion.

    How dare you offer to throw our money around again like this.

    Fool me once shame on you.
    Fool me 7.2million times (the airline you approved) shame on you again
    Fool me 1.5million times (Wally’s Wall) shame on you again.
    Fool me with your offer to personally disperse $10m more of our money shame on me.

    Like 12
    Dislike 2
  5. ShakeSpare says:

    Le we blame the who from here and who not from her on this topic.

  6. Barbie says:

    If my memory serve me correct, the NDP have been circulating this idea for every election cycle. I would believe them when this actually happened.

  7. Jane says:

    please just give $600 to each of the 15,000 BVIslander/Belonger man, woman and child at least they’ll spend it in the economy or put it too good use. What will be the NBB’s running costs, how many cronies looked after, how much seepage? Nah! just give the money to the people

  8. SMH says:

    Blah, Blah, Blah, Blah! Keep singing to your NDP Supporters! You can’t fool everybody! Just give us the darn Election Date! We been ready to do this thing! Boi Bye!

  9. DEBATE says:

    What I would like to see all these politicians vying for we votes do is go and debate. Let the news media – respected journalists – do the moderating – and asking questions – somebody like Doug Wheatley could even be a moderator. WE NEED SEVERAL DEBATES. you are not getting our votes just like that.

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