A quarter of a million pounds will be made available to help small and medium sized accommodation businesses on St Helena who have invested in the tourism sector. The funding recently approved by DFID, is aimed at supporting tourism accommodation businesses struggling to remain operational during this low season.
To this end, St Helena Government (SHG) working with Enterprise St Helena (ESH) has relaunched the Business Support Initiative which was first launched in September 2016.
The Business Support Initiative which was originally established to provide interim support to local businesses who had made investments in the expectation of incoming tourists to St Helena, has recently been revised to now support all qualifying accommodation businesses over the current off-peak period. This outcome is a result of a meeting between the Economic Development Committee and tourism accommodation businesses which was held earlier this year.
ESH will support small to medium sized businesses who are struggling to remain operational, and who qualify under this scheme. Larger businesses, which are not eligible for this scheme, can apply to SHG for consideration.
Further details on the Business Support Initiative and the help available for local businesses can be provided by ESH.
Source: St Helena Government