ENTREPRENEURIAL RELIEF GRANT

From the Ministry of Finance in collaboration with NEDCO

 

About Us

The National Entrepreneurship Development Company Limited (NEDCO) was established in 2002 by the Government of the Republic of Trinidad and Tobago with a mandate to develop micro and small enterprises (MSEs) in Trinidad and Tobago whose needs cannot be met by traditional lending agencies. NEDCO offers a wide suite of entrepreneurial development services to help MSEs move from business concept to successful commercialization: small business financing; entrepreneurial training; business assessment; mentorship; business advisory; and client-focused services.

NEDCO’s years of experience of fostering entrepreneurial growth, managing the disbursement of small business financing and its ongoing relationship with the small business community in Trinidad and Tobago, makes NEDCO the ideal partner for the Entrepreneurial Relief Grant, an initiative of the Government of the Republic of Trinidad and Tobago.

Entrepreneurial Relief Grant

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.

Check If You Are Eligible To Apply

Applicants must meet the following criteria to qualify for the Entrepreneurial Relief Grant:

  • You must be a citizen or legal resident of Trinidad and Tobago.
  • You must be 18 years and over.
  • You must have an existing business to apply. You can start the application process if you have an unregistered business but you must register your business by applying for and being assigned your Board of Inland Revenue (BIR#) number before you receive the funds.
  • Your business must earn less than TT $1 million in annual income.
  • All types of businesses can apply, including sole traders, but it must be a legal business.
  • Individuals in receipt of unemployment relief benefits, food cards or other social relief benefits are not eligible.
  • Individuals in receipt of Tobago House of Assembly grants are not eligible.
  • Applicants with pending / current criminal court proceedings against them will not be eligible.

Documents Required To Apply

The following documents must be submitted to apply for the Entrepreneurial Relief Grant:

Personal Documents

  • Two forms of valid Trinidad and Tobago identification including a national identification card, passport or driver’s permit.
  •  If you have only one of the above forms of identification, then you must produce your original birth certificate as your second form of identification.
  • Your personal Board of Inland Revenue (BIR) number.

Business Documents

  • Certificate of Registration and/or proof of assignment of a business Board of Inland Revenue (BIR) number.
  •  Proof of business operations including receipts, invoices, contracts.
  •   Proof of address.

Entrepreneurial Relief Grant

FREQUENTLY ASKED QUESTIONS

1. Are there basic requirements that must be met to qualify for the Entrepreneurial Relief Grant?
  • Your business must have an annual revenue of less than TT$1 million
  • You must be a citizen or legal resident of Trinidad and Tobago.
  • You must be 18 years and over.
3. How will I know if I was successful?
  • Successful applicants will be contacted. Unsuccessful applicants will not be contacted.
5. Which business related documents will you need to provide?
  • Certificate of Registration and/or proof of assignment of BIR number.
    • Proof of business operations including receipts, invoices, contracts
    • Proof of address
7. Can I apply if I have already received other government assistance grants?
  • Individuals in receipt of unemployment relief benefits, food cards, or other social relief benefits are not eligible.
  • Individuals in receipt of Tobago House of Assembly grants are not eligible.
  • Applicants with pending / current criminal court proceedings against them are not eligible.
9. What type of businesses can apply?
  • All legal businesses can apply.
11. If I own more than one business can I apply for all?
  • No. You can only apply for one business even if you own more than one.
13. Will I have to repay the grant?
  • No. A grant does not have to be repaid.
2. Where do I apply?
  • You can apply online at www.nedcottfunding.com
4. Which personal documents do you need to provide?
  • Two forms of valid Trinidad and Tobago identification including national identification card or ID card, passport or drivers permit
  •  If you have only one form of identification, then you must produce your original birth certificate as your second form of identification.
6. Will I qualify for the grant if I have an unregistered business?
  • You can start the application if you have an unregistered business but you must register your business by applying for and being assigned your Board of Inland Revenue (BIR#) number to receive funds.
8. What is the maximum amount that is allowed?
  • The maximum allowed is $20,000.00
10. Can I apply as an individual or must I apply on behalf of a business?
  • Sole traders, partnerships and limited liability companies can apply.

12. If the business is owned by more than one person can the different owners apply separately for the same business?
  • No. Only one application per business is allowed.

application form

START YOUR APPLICATION BELOW. APPLY ONLINE NOW!

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