MSME
Micro Small and Medium Enterprise (MSME) Programme
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 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.
Click on the brochure below to download the MSME programme
Priority Areas
Agriculture
Manufacturing
Tourism
Technology and Innovation
Heritage/Cultural/Historical Preservation Projects
Healthy Living/Lifestyle
Food Processing/Food Packaging
Sea Salt Harvesting/Processing
Fishing
Commercial Cleaning
Arts and Craft
Physical Infrastructure
Public/Mass Transportation
Renewable Energy/Energy Efficiency
Waste Management/Collection
Business with a direct correlation to the TVET programme
Highly skilled or specialized services such as
Accountants
Surveyors
Technicians
STEM (Science, Technology, Engineers, Mathematics)
Benefits
Micro Enterprise: up to $25,000
(Cash Grant, Technical Assistance and Duty Concessions)
Small Enterprise: up to $55,000
(Cash Grant, Technical Assistance and Duty Concessions)
Medium Enterprise: up to $145,000
(Cash Grant, 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.
