SMALL & MEDIUM SIZED BUSINESSES GET HELP

The Caribbean Development Bank (CDB) has committed US$350,000 to help Barbadian small and medium-sized enterprises (SMEs) attract investment and prepare for listing on the island’s stock exchange.

The funds will support the Innovation Growth Market 200 Programme (IGM200), launched Friday at the Lloyd Erskine Sandiford Centre. The national initiative, led by the Ministry of Energy and Business in partnership with the Barbados Stock Exchange, aims to empower 200 SMEs through equity financing, training, and mentorship.

CDB President Daniel Best said the programme would reshape how small firms access capital.
“The government of Barbados under its national MSME policy framework has taken steps to strengthen the sector, including opening new channels for raising financing through the innovation and growth market, formerly the Junior Stock Exchange,” he noted.
“The idea is simple but powerful. Give MSMEs a dedicated platform to attract investment, raise equity capital, and grow.”

Best added that the CDB’s grant will build the capacity of 50 businesses, with at least 20 expected to become investor-ready and list on the IGM.
“This effort is not just about paperwork,” he stressed. “It’s about training, mentorship and education, so that business owners and investors alike understand the opportunities of equity financing and stock market participation.”