Following Montserrat’s attendance to the UK-Antigua Commerce and Funding Summit earlier this yr, with Premier Joseph E. Farrell and GoM’s request for assist on this space, the Governor’s Workplace submitted and efficiently secured funding that may facilitate and catalyse UK-Montserrat partnership on commerce and personal sector growth.
The Governor’s Workplace and the Authorities of Montserrat will work with Growing Market Associates (DMA) Make investments, the main Company behind the profitable UK-Antigua Commerce and Funding Mission earlier this yr, and GreenCrowd to establish native obstacles to funding, create a extra enabling enterprise setting for UK firms in Montserrat, and produce UK companies and stakeholders collectively on island to assist deal facilitation.
The initiative, funded by the UK Authorities Inexperienced and Inclusive Progress Centre of Experience, will ship:
- A sector and hole evaluation to establish essential authorized and regulatory obstacles to funding in Montserrat. Suggestions from the evaluation will likely be used to tell and replace GoM’s insurance policies and processes to facilitate UK investments.
- Bodily and digital belongings for buyers, together with an Put money into Montserrat web site as a one cease store for buyers.
- A renewable vitality roadmap to derisk non-public sector investments on this space.
- It should facilitate Montserrat’s attendance to the UK-Caribbean Commerce and Funding Discussion board, offering a platform to attach Montserrat with the broader Caribbean group and UK companies. A stand-alone influence funding spherical desk for Montserrat will assist GoM’s UK investor outreach.
- A devoted five-day UK-Montserrat Commerce and Funding Discussion board hosted in Montserrat, bringing UK buyers to Montserrat to discover and provoke commerce and funding alternatives.
Based mostly on earlier work performed by the implementing companions, it’s envisaged this challenge will carry a minimal of two formal funding agreements in Montserrat (inside 24 months) and a minimal of two medium to long-term sustainable inward investments established in Montserrat.
This joint initiative will likely be led within the Governor’s Workplace by the Head of Programmes in shut collaboration with the Ministry of Finance, the Cupboard Secretariat, wider Authorities of Montserrat and the UK Division for Enterprise and Commerce (DBT), FCDO and UK Export Finance (UKEF).
