BVI News

Gov’t also looking to assist larger companies — Flax-Charles

Junior Minister for Trade & Economic Development Shereen Flax–Charles has said larger companies that employ more than 20 employees can also expect to benefit from financial assistance from the government.

Flax-Charles said during a live social media interview on Thursday, August 13, considerations are being given to these large enterprises because of the far-reaching effects of the COVID-19 pandemic.

“The government wants to ensure that we boost the economy and restore a sense of confidence in the business community and the territory, and we are certainly looking at all angles. Not because a business employs more than 20 persons does that mean they are ok during these times,” she stated.

“Every single person, every single business has been affected. It’s not like with the hurricanes Irma and Maria where we were slammed, and other places nothing happened and they were able to help us. Everybody around the world needs help. We are a government of inclusion and we want to make sure that nobody feels left out. You might be looking for $20,000, but that might not be possible depending on a lot of other factors. But we will try to help as best we can,” the junior minister added.

In the meantime, Senior Policy Analyst in the Premier’s Office, Lizette George said although the current stimulus grants would not be for businesses on the larger scale, there are other options that can benefit employees of these larger companies.

“I believe that given the COVID-19 era, the government is in the process of trying to address everybody’s needs. For instance, there is the Social Security grant that is offered to employees where businesses of any size can apply for those grants for their employees who have been laid off,” she explained.

Government had announced that $6.5 million was allocated through a grant provided by the Social Security Board for this programme.

Copyright 2021 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.


Disclaimer: BVI News and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the comments below or other interaction among the users.

  1. Hmmmm says:

    This will be very interesting. There are persons with 20 trade license so they will apply 20 times? How do you verify that they actually conducted business via the said licenses? Pure corruption again!

    Like 8
    Dislike 2
  2. Oberserve says:

    No need, by time they done talk business doors will be short down.

  3. Grass says:

    I am ova it with you guys, the ‘grass is getting greener and the horse still starving.’ It is high time to start paying out these stimulus. People facing eviction and foreclosure, pantry and refrigerator empty and you all ‘bread buttered on both sides.’chah man! Everyday in the media rah rah rah and your people suffering. Don’t worry those 3 am in the morning prayer going be let loose soon.

    Like 5
    Dislike 1
  4. Woo says:

    The did not help small buisiness how the heck they jump to big buisiness unless is a plan to help certain friends n familys

  5. Doesn’t matter says:

    Doesn’t matter how many times you apply. Unless you’re one of the cronies you get nothing. How much did you all get after Irma? Spend your time filing out forms. Please post a picture of your check. Lmfao

  6. tys says:

    Watch out for forger George

  7. Inshock says:

    Security companies claims they haven’t been to pay their employees,because our Government haven’t paid up as yet and the health minister acting like all is good,Government needs to stop giving contracts as bailout to companies who hires and can’t pay unless they’re paid we have laboured and three months later we have yet to be paid and your now talking about giving money to big companies. Are you guys for real.

  8. HMMMMM says:

    Well businesses getting before the people that applied for the stimulus packages.

  9. SEE ME says:

    The bigger businesses don’t need assistance they are the ones who treat their staff like crap during this time! Let them take their loses!!!!!

  10. hilo says:

    Yes there will lots of opportunity for corruption. Inept badly run companies will do especially well out of this.

  11. Petty says:

    I haven’t heard from Decastro in a while is she still a member of the party? Where is the real plan for the people? Do you all realise the SS funding is to slow? With school set to reopen and many hasn’t work since March what should they turn to?

Leave a Comment