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Headquarters of the Caribbean Development Bank in

Four projects receive US$350,000 in CDB funding

Headquarters of the Caribbean Development Bank in

Four regional projects have been given a collective US$350,000 by the Caribbean Development Bank (CDB) to help small businesses in cultural industries.

Headquarters of the Caribbean Development Bank

The grants are provides under the CDB’s Cultural and Creative Industries Innovation Fund, and provides support to  projects and programmes aimed at improving the business climate for micro, small and medium enterprises (MSMEs) in the field.

Among the listed beneficiaries is a US$100,000 contribution to an animation venture between the Jamaica Promotion Corporation (JAMPRO), Animae Caribae and TT Film Co. A Model for Caribbean Collaboration: The Animation Industry will go towards value chain mapping, identification, of gaps and best practices and harmonisation of training across the region.

“We know that for MSMEs, collaboration is a key driver for success as it creates ways to amplify the abilities and increase the resources available to everyone.”

– Caribbean Development Bank’s Coordinator of MSME Development, Lisa Harding

Five educational institutions – the University of Trinidad and Tobago, George Mason University, Barbados Community College, University of London and the Carnival Institute of Trinidad and Tobago – will be working together to deliver the Pan Fellowship Programme, another recipient of  an Enabling Environment Grant.

“One of our goals with CIIF is establish communities of practice. We know that for MSMEs, collaboration is a key driver for success as it creates ways to amplify the abilities and increase the resources available to everyone. So we’re pleased that many of our grant recipients are working on projects which will facilitate participation and impact beyond the boundaries of the countries where they are based,” said Lisa Harding, the CDB’s Coordinator of MSME Development.

The Jamaica Promotion Company is a partner on an animation venture that is a recipient of the funding. (Photo: Jampro)

The programme will see a curriculum being developed for 12-month undergraduate and two-year certificate programmes that focus on cultural context as a key consideration in both performance and instruction of the steel pan. The programme received a grant of US$90,000.

The other grants are a multi-country carnival development initiative from Export Saint Lucia and a fashion industry project from the Sarstoon Temash Institute for Indigenous Management, Belize National Institute of Culture and History (NICH), Belize Tourism Industry Association.

CIIF was established in 2017 with an initial US$2.6 million in capitalisation from CDB.

It is intended to be a multi-donor fund, which will support the development of the creative industries sector in the Caribbean.

– CMC