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MSME Support Program

Posted By: Marty

MSME Support Program - 08/25/20 10:39 AM

GOB Announces the Close of the First Call for Applications under the MSME Support Program and the Opening of a Second Call

The Government of Belize announces that the initial application period for the MSME Support Program closed at midnight on August 21, 2020.

The program was launched on August 1, 2020 through a collaborative effort led by the Ministry of Investment, Trade and Commerce, the Ministry of Labour, Local Government and Rural Development, and BELTRAIDE. It offers $14.5 million in the form of grants, loans, and wage subsidies to assist micro (two to four full time employees, including the owner), small (five to 20 full time employees), and medium (21 to 51 full-time employees) enterprises negatively impacted by the COVID-19 pandemic.

As with all new software development, glitches will be encountered that create challenges that could have led to applications not being completed. Over the past weekend, the technical team met to address and simplify the process. The program will have a second call for applications to accommodate those who missed the opportunity to apply. This will commence Tuesday, August 25th, at 8:00 a.m. and ends at midnight on Monday, August 31st.

Applicants who started but did not complete their application before midnight, August 21st, are encouraged to do so or contact the support team for the MSME Support Program through the modes provided below to complete the process.

Interested persons can visit the Government of Belize COVID-19 website www.covid19.bz/belizemsp.

Persons requiring additional assistance in completing the application can visit the Ministry of Labour district offices in Corozal, Orange Walk, Belmopan, Dangriga, Independence, and Punta Gorda.

For further information on the MSME Support Program, applicants can call 0-800-CALL-MSP or 613-7342 or email [email protected] during normal working hours (Monday to Thursday, 8:00 a.m. to 5:00 p.m. and Friday, 8:00 a.m. to 4:30 p.m.).

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Posted By: Marty

Re: MSME Support Program - 08/27/20 04:45 PM

Do you know about the loan component of the MSME Support Program? Learn more here

Posted By: Marty

Re: MSME Support Program - 10/01/20 10:15 AM

Update on Applications and Disbursements of the MSME Support Program

The Government of Belize updates the public on the MSME Support Program (MSP) which was launched on August 1, 2020 through a collaborative effort led by the Ministry of Investment, Trade and Commerce, the Ministry of Labour, Local Government and Rural Development, and BELTRAIDE.

The update on submissions and payments are as follows.

A total of 3,994 applications were submitted for assistance under the program. Of these applications, 1,489 were abandoned, 623 are still ongoing and 1,882 have been submitted. Abandoned applications refer to those who did not complete the application, applied to the MSP in error, or were no longer interested in applying for the assistance. Ongoing applications require additional information such as banking information or industry, and applicants have been contacted to complete their applications.

Since September 15th, a total of 693 grants have been paid amounting to $1,732,500 and loans have been approved for 196 businesses totaling $2,983,351. Payments are being disbursed through the National Bank of Belize Limited.

If you have not received a response via text message from the MSME Support Program, call 613-7342 to check on the status of your application. Those who have been contacted to complete their application are encouraged to do so as soon as possible.

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