Grant aims to address food security and supply chain issues
The Food Security initiative was designed by the Small Business Development Centre to help farmers and fishers in The Bahamas address the challenges of accessing capital, learning and implementing emerging and sustainable trends, and engaging in commerce activities across The Bahamas and internationally.
The Sustainable Food Grant under the SBDC Food Security Initiative is a partnership between SBDC and the Ministry of Agriculture and Marine Resources. The grant provides financial support of up to $40,000 to both startup and existing businesses in the Farming and Fishing industry in The Bahamas. The grant aims to empower entrepreneurs, with 60% of funding dedicated to the fishing sector, to address food security and supply chain issues.
Eligibility criteria for application
The following requirements must be met for a person to qualify for a grant:
- 100% Bahamian owned business
- Employ less than 50 individuals
- Must commit to a 4 week training course
- Generate less than $5 million annually in gross sales
- Provide all documents during the application process
- Positive contributor to food security concerns in The Bahamas
- Provide boating and captain license within 30 days of approval
Farmers and fishers can take advantage of this initiative
- Funding for farmers and fishers: Apply for the Sustainable Food Grant to receive up to $40,000 in standalone grant funding to start or grow your farming or fishing business. Visit SBDC’s website or attend an information session to learn more.
- Training Programme: Learn about emerging trends, climate resilient practices and best business practices during this 4 week training programme. You will walk away with a certificate and a group of peer members to learn from during the entrepreneurial journey.
- Food Central, A food market culinary showcase: Sell your goods and build relationships with chefs and locals. During the culinary showcase, chefs and food producers will partner to curate and cook up two dishes that showcase what our locally produced goods can create.
