This grant is solely for micro and small enterprises involved in services related to: ship building, repair and maintenance; servicing of vessels, including yachts, such as fiberglass work, welding, woodwork, upholstery services, sail making, electronics and electrical work, painting and rigging; hospitality services; travel agency services; and yacht brokerage.
Micro businesses in the yachting industry will be eligible for a cash grant of TT$20,000.00 to cover 100% of the following business cost:
- New machinery, equipment and tools or upgrades thereof up to a maximum of TT$20,0000
- Raw materials up to a maximum of TT$20,000
- Utilities up to a maximum of TT$5,000
- Rent up to maximum of TT$15,000
The Grant will cover the following business costs for Small businesses in the yachting industry:
- New machinery, equipment and tools or upgrades thereof 75% of the cost of machinery, equipment or tools up to a maximum of TT$50,0000
- Raw materials 75% of the cost of raw materials up to a maximum of TT$30,000
- Utilities 100% of utilities cost up to a maximum of TT$5,000
- Rent 100% up to TT$10,000
