THE distribution of cash grants to groups of entrepreneurs in Region Four by the Ministry of Tourism Industry and Commerce, Small Business Bureau (SBB), was concluded at the Arthur Chung Conference Centre, Lilliendal on Tuesday.

This distribution is one of the many measures implemented by the government to improve the disposable income of many entrepreneurs.

Up to this point, a total of 398 grants have been approved as part of this process, with a distribution of nearly 1500 small business grants just last year, spanning across the entire country.

The Minister of Tourism Industry and Commerce, Oneidge Walrond, reiterated the government’s steadfast support for small business owners, fulfilling a promise made in its 2020 manifesto. It is a promise to provide unwavering support for the growth of small businesses.

“I just want you to know, as small business owners, that this small business sector is a priority sector for our government. We understand that when your small business thrives, the economy thrives. We thrive. You are able to become, not only a sole proprietor, but you are able to (hopefully with the help of the small business bureau and the help of the government) become an employer.” Minister remarked.

Moreover, she emphasised the importance of ongoing engagement with the SBB, which offers tangible support to entrepreneurs. She elaborated that this is not a free handout, and certainly not the ultimate resolution involving them.

The reason behind the significant distribution, as she explained, was the multitude of requests for grants dedicated to small businesses.

“Because we wanted to make sure that as many persons as possible can benefit from these grants, because you don’t have to repay any of this money. We see this as an investment, into you, an investment into your business, and we wanted to do this for as many persons as possible.”

Minister Walrond encouraged individuals to stay involved with the SBB, as there are existing plans for multiple programmes aimed at assisting business owners.

In the meantime, Simon Pollard, Deputy Chief Executive Officer of SBB, expressed that this event not only signifies a major accomplishment for the recipients but also serves as evidence of the government’s achievements through the bureau.

“As we distribute these grants, we reflect on the journey that would have brought us to this point. The government, through the small business bureau, has been unwavering in its commitment to fostering growth and sustainability, within our small business community,” Pollard stated.

Adding, “Our commitment to promoting entrepreneurship, alleviating poverty, and increasing the standard of living for Guyanese, is deeply embedded in the diverse range of services we offer at the bureau.”

The Deputy CEO highlighted the availability of a loan guarantee programme, alongside grants, sponsorships, and regional helpdesks.

He highlighted that the Bureau’s goal was to create positive, measurable impacts by providing expert guidance, effectively channelling resources, fostering comprehensive networking, and ensuring a supportive environment for maximised performance.

Furthermore, aside from providing loans and grants, the Small Business Bureau offers services such as entrepreneurship awareness sessions, business development support, help desks available in all regions, and various other services.

Applicants can download and fill out forms from their website. Furthermore, they can be contacted at 226-8123 for further enquiries.