Beautiful Virgin Islands

Saturday, Jul 26, 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
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
×