Micro Small and Medium Enterprise (MSME) Programme

Overview

April 2016 saw the commencement of the Government’s Micro Small and Medium Enterprise (MSME) programme which is managed by Invest Turks and Caicos with support from the Centre for Entrepreneurial Development (CED) and Ministry of Finance, Investment and Trade. Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide Concession Orders to qualifying locally-owned businesses operating in identified priority business sectors. The Concession Orders allow the company or start-up access to specific benefits, namely: Cash Grant, Customs Duty Reduction and/or Technical Assistance depending on the size of the business. 

The MSME Ordinance is managed by Invest Turks and Caicos who is responsible for determining eligibility to receive concessions or grants, as well as disbursing approved funding.  The Center for Entrepreneurial Development (CED) is responsible for assisting small businesses with their requests for technical assistance and evaluating technical assistance proposals. 

 

Click on the brochure below to download the MSME programme

Priority Areas

Agriculture

Manufacturing

Tourism

Technology and Innovation

Fishing

Commercial Cleaning

Arts and Craft

Physical Infrastructure

Benefits

Micro Enterprise: up to $30,000 

(Cash Grant, Technical Assistance and Duty Concessions)

Small Enterprise: up to $35,000 

(Technical Assistance and Duty Concessions)

Medium Enterprise: up to $100,000 

(Technical Assistance and Duty Concessions)

Registration of Interest for the Bed and Breakfast market for Turks and Caicos Islanders on Grand Turk

In an effort to increase the bed capacity on the island, the Government is offering this opportunity to the people of Grand Turk to benefit from grants to upgrade available rooms/homes to enter the vacation rental market.    

Additional information

Micro, Small and Medium Enterprises Development Ordinance 2018

819.65 KB 131 downloads

Business Plan Outline

140.15 KB 253 downloads

Duty Concessions

125.16 KB 132 downloads

MSME Application Form

4.48 MB 170 downloads

MSME Assesment Criteria

107.63 KB 170 downloads

Support for Priority Activities

133.23 KB 156 downloads

Classification of MSME

105.87 KB 125 downloads

Financial Projection Template

410.50 KB 157 downloads