The European Union Caribbean Export Launch Bridge Facility To Accelerate SME Growth

BRIDGETOWN, Barbados – The Caribbean Export Development Agency (Caribbean Export), backed by the European Union's Global Gateway initiative, has launched the Building Resilient Innovation for Digital & Green Enterprises (BRIDGE) facility. The programme offers co-financing of up to EUR 100,000 to help Caribbean micro, small, and medium-sized enterprises (MSMEs) transition to more sustainable and digitally competitive business models.

BRIDGE is designed to strengthen the resilience and competitiveness of MSMEs across CARIFORUM by addressing two of the most urgent priorities for the region's private sector: green transition and digital transformation.

Through two dedicated streams, MSMEs can access funding support to accelerate their growth:

Green Transition – The European Union will co-finance up to EUR 100,000 (60% of project costs) for projects in renewable energy, sustainable agriculture, circular economy, blue economy, and green services and technologies.

Digital Transformation – The European Union will co-finance up to EUR 50,000 (60% of project costs) for initiatives in e-commerce, business process automation, cybersecurity, digital products, and supply chain digitization.

Beneficiaries are required to contribute at least 40 percent of project costs, ensuring strong ownership, sustainability, and a shared commitment to success.

Building resilient and competitive Caribbean firms

This grant component is part of the Regional Private Sector Development Programme (RPSDP III), which seeks to foster inclusive growth, innovation, and job creation across CARIFORUM. It is funded by the European Union and implemented by Caribbean Export.

Dr Damie Sinanan, executive director at Caribbean Export, emphasized the importance of this initiative:

“BRIDGE is not just about financing - it is about co-investing in the future of our businesses. By supporting the green and digital transitions, we are empowering businesses to reduce costs, innovate, and access new export markets. This is how we build a more competitive, resilient, and inclusive Caribbean economy.”

H.E. Fiona Ramsey, ambassador of the European Union to Barbados and ambassador designate to the Eastern Caribbean States, added:

“The EU is proud to partner with Caribbean Export in supporting businesses on their journey toward sustainability and digitalization. These transitions are essential for the Caribbean's long-term competitiveness and integration into global value chains. This clearly demonstrates that the EU stands ready to support Caribbean businesses in creating jobs, reducing vulnerabilities, and driving innovation for generations to come.”

The post The European Union – Caribbean Export launch bridge facility to accelerate SME growth appeared first on Caribbean News Global .

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