Beautiful Virgin Islands

Sunday, Sep 14, 2025

D4 businesses receive biggest portion of govt’s $6.5M grants

D4 businesses receive biggest portion of govt’s $6.5M grants

Business owners in the Fourth District have been awarded more than $1.5 million from the government’s Small Business Sector Grant Relief Programme — the highest total value of grants of all the nine districts.

Premier Andrew Fahie shared this statistic while giving a detailed breakdown on how each district in the territory benefited from the $6.5 million programme.

While stating that the names of the businesses could not be released because of security purposes, he said a total of 1,039 businesses were approved at a total value of $6,138,889.

Premier Fahie said 68 businesses in the First Electoral District received a combined total of $399,290 in grants. The Second District received $598,114 to share among 102 businesses while District 3 received $548,825 for 91 businesses. The Fourth District where the Road Town capital is located collected a combined total of $1,665,565 shared among 280 businesses.

Below is a further breakdown:

Fifth District 5 (68 businesses) — $404,063

Sixth District (113 businesses) — $644,273

Seventh District (59 businesses) — $354,748

Eighth District (90 businesses) — $518,600

Ninth District (169 businesses) — $1,005,384


Banking information needed for some approved applicants


Despite the approval of some businesses, Director of Trade Karia Christopher said her department has reached out to those businesses who have not yet confirmed thier banking information.

She said an email was sent to these businesses over the last few days after the department noticed that there were businesses who did not have a bank account attached to the same trade license of the business.

Using an example, she said: “If Karia Christopher has a trade license for Real Talk, we would assume that my account would be in Real Talk. However, we have recognised very early that this has not been the case. So if we wrote a cheque for Real Talk obviously it would not be valid for the bank because there’s no account for that particular name.”

“So we have further contacted individuals and said please confirm that you have a bank account in your business name. If you do not have a bank account in your business name, please confirm the personal name that this account should be measured in. Reason being we would allow that person’s name to be on the account,” she explained.

Name on bank information and trade license must match


Christopher further noted that the name of the person on the banking details provided must also be on the trade license.

She said: “So if you have a trade license you have to put it [banking information] in your name, you can’t put it in your husband’s name or your mother’s name or your child’s name if their names are not on the trade license.”

Cheques to be disbursed in batches


Due to the large volume of awardees, the director also said her department will be distributing the cheques in batches.

She is therefore asking all persons with outstanding information such as bank details, to submit the required documents as soon as possible to the department to prevent any delays from occurring within a respective batch.

Cheques to be distributed to sister islands


Christopher also informed the public that due to the present nature of COVID-19, her department is devising a system that would allow persons to safely collect their payments.

This includes the distribution of cheques to persons residing on the sister islands who will not be required to come to Tortola to collect their payment.

“Every business owner who receives a grant award, your cheques will be sent over to the respective island and then you will decide when it is appropriate for you to go to your personal business and do that transaction, however you will not receive a cheque if you do not confirm your banking details,” she reiterated.

For residents on Tortola, the Trade Director said more information will be forthcoming on how they can collect their payments.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
×