Micro and Small Enterprises that have been negatively impacted by the COVID-19 pandemic are invited to apply for the Entrepreneurial Relief Grant from the Ministry of Finance in collaboration with NEDCO.
Between 70% to 85% of all business activity in Trinidad and Tobago is conducted by enterprises employing less than 25 persons. Micro and small enterprises (MSEs) however have been the most vulnerable to the economic impact of the COVID-19 pandemic. As part of its national COVID-19 Relief programme, the Government of the Republic of Trinidad and Tobago has implemented an Entrepreneurial Relief Grant to provide financial assistance to MSEs.
MSEs that earn less than TT $1,000,000 in annual revenues, and have been negatively impacted by the global pandemic, can apply for financial help through the Entrepreneurial Relief Grant Programme. MSEs can access up to TT $20,000 in grant funding to help cover business-related expenses such as salaries, rent, stock and other working capital.