Author: VCEFL ADMIN

There is an urgent need to diversify the Tobago economy to protect it from internal and external shocks, and Finance Secretary Joel Jack, says grants and training programmes to develop entrepreneurship is a critical element of the island’s diversification strategy.

A well-known Tobago product, ‘Andy’s Cherry Nectar’ has now found a home at the Cove Eco- Industrial and Business Park. On Friday morning, the company, Andy’s Bottling Facility, was officially commissioned at the business park by its co-owners, Elvis Charles and Reginald Andrews.

That’s because the Tobago House of Assembly’s (THA) Executive Council recently approved a little less than $2 million in funding under the Venture Capital Equity Fund Limited (VCEFL) to support Pork International Group Limited’s business expansion.

TWO companies have now signed agreements for $2 million of funding from Venture Capital Equity Fund Limited (VCEFL).

The Division of Finance and Enterprise Development’s Venture Capital Equity Fund Limited (VCEFL) gave a major boost to the island’s economy by injecting two (2) million dollars into two (2) local enterprises. The funding which was announced earlier this year by the Secretary of Finance and Enterprise Development was formally agreed to at a meeting…