COSME Officials return to Cayman - SME Grant Scheme to be discussed

A representative from the Boosting Caribbean OCT Enterprises (COSME) initiative for small to medium sized enterprises (SMEs) will be returning to the Cayman Islands to meet with small business owners to provide information to local businesses and business support organisations (BSOs) interested in applying for direct assistance grants. Mr. Samuel K. Kruiner, Private Sector Development Expert/SME Expert (British OCTs) will be leading the presentation.

Members in the SME and Business Support Organisations who are interested in attending are invited:

Tuesday, 30th June 2015
5:30 p.m. - 7:30 p.m.
1st Floor Boardroom
Government Administration Building 

The grant scheme is being funded by the European Union and provides direct grants assistance to identified actions in strengthening the operations of selected BSOs and SMEs in the 12 OCTs.

The 500,000 Euro grant scheme will be distributed in two phases in 2015 (200,000 Euros) and in 2016 (300,000 Euros). The maximum contribution of the EU per grant beneficiary is 12,000 Euros representing 70% of the total cost of the action supported.

The proposals submitted by the BSOs must be done in collaboration with at least four SMEs.

Light refreshments will be served.

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