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Entrepreneurial school to be established in the BVI

A section of the main island of Tortola. (Photo by Davion Smith/BVI News)

Government is planning to establish an entrepreneurial school in the British Virgin Islands in the coming weeks.

Premier Andrew Fahie made the announcement at a recent media conference and said the initiative is aimed at developing young business minds.

“In March, we will be launching the entrepreneurial school to make sure that persons can come and be trained, and persons can come and not only be trained because they want to have a business but trained on the accounting [and] trained in other areas. So it is going to start small, but it is going to mushroom,” Premier Fahie stated.

“We are already in the planning stage. Just this weekend, we had a long planning stage, and we will be launching that very soon so that everyone could see that this is not a talk shop,” he added.

$2.5 million from CDB available to enrollees

Premier Fahie, who is also the Minister of Finance, further said that talks have been had with the Caribbean Development Bank (CDB) to allocate monies towards the initiative. 

He, however, said these monies will be monitored closely for accountability purposes.

“We already spoke with CDB to put aside $2.5 million to make sure that the persons who would be in those programmes, will have access to the money. But they will also be accountable for the money that they are getting and they’ll be monitored, not like what has happened prior,” the Premier stated.

“We have learned from the lessons of the past. Just getting the money and leaving them to go on their own cannot be the way to go. They must be monitored, they must be guided and they must understand that there must be layers of accountability,” he explained.

With the local financial services sector projected to experience a decline in the upcoming years, Premier Fahie had said in his budget address last year that his government will be implementing a number of initiatives to find plausible sectors for the future development of the territory. 

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9 Comments

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  1. Mr.Entrepreneur says:

    This is the right step in the right direction. This initiative this program can positively benefit or people and have a positive impact in our community. Giving future leaders the tools they need to be great leaders start with today’s decision maker. Good on you Premier.

    Like 11
    Dislike 3
    • Waste says:

      What a waste of public money that is badly needed in other areas like road maintenance and trash. The Territory already has an entrepreneurial school. It’s located under the big tree in town. There you can learn the fine art of drug distribution, crime and human trafficking.

      Like 1
      Dislike 8
  2. Hmmmm says:

    One thing this Premier can do is talk a whole lot of s***.

    Like 16
    Dislike 11
  3. um says:

    Why reinvent the wheel? Hlscc is more than capable of establishing an incubator! Give the funding to them!

    Like 28
    Dislike 3
    • Hmmm says:

      They know exactly why they’re doing this nonsense. We have business courses and FSI at HLSCC, all they had to do is add a program to what’s already there and give them the monies to push it forward. But as usual this Premier is hell bent on making everything seem like a big deal and patting themselves on the back trying to hide the fact that they have done little or nothing in a year.

      Like 17
      Dislike 5
  4. BVIPA STAFF says:

    Tis best cause when u go work for people especially with the BVI PA is pure evil and duttyness u does have to put up with. Them same politicians we voting into office putting these dutty evil and lying people over you. They appoint board members And they tell the staff of the BVI PA pure lies on the Govt time. and on-top of that they unprofessional and the people of the BVI allowing this to go on. Pure hogs. Not I tho I going blast them wutless MS. Them need some pew pew. Playing with the people emotions.

  5. realtalk says:

    I agree with the previous posters that the Govt could have just created an incubator at HLSCC. However, I strongly believe that the BVI Government needs to implement extensive customer service training programs to complement entrepreneurship and other business courses that are being taught.

    The lack of customer service at public and private sector organizations and among the general population is the biggest problem in the BVI period.

    Like 10
  6. Deh Watcha says:

    It look like the CDB going soon own the BVI.

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