Eighty entrepreneurs from 55 villages across the length and breadth of St Vincent and the Grenadines, on Tuesday, May 19, 2020, were issued grant funding ranging from EC$2,500.00 – $40,000.00 under the government of St Vincent and the Grenadines PRYME and PRYME-plus programmes, totaling EC$600,000.00.
This is the first consignment of approved applicants since the programme launched in March 2020. The second consignment is expected to be announced in early June. Tuesday’s grant recipients represented diversity in businesses such as customs brokerage, block makers, farmers, popsicle makers, beauticians, amongst others.
Chairperson of the PRYME Committee Anthony Regisford told recipients that the main objective of the PRYME programme is to provide grants to young business persons between the ages of 18 – 40 years, made more urgent in the era of COVID-19, with the introduction of two new elements in the 40-year plus category.
These two elements Regisford said are for small businesses and persons involved in culture and arts.
‘Micro-businesses are a very important aspect of the economy, and emphasized that big businesses would not be without the existence of small businesses,’ he explained.
PRYME was conceptualised months before the onset of COVID-19