Beautiful Virgin Islands

Tuesday, Jul 22, 2025

Premier delivers $62.9M COVID-19 Economic Response Plan

Premier delivers $62.9M COVID-19 Economic Response Plan

Premier Andrew Fahie has delivered a $62.9 million COVID-19 Economic Stimulus-Response Plan which seeks to allocate funds to jobless residents, struggling businesses, hotels, taxi operators, and other areas.

He said the majority of the funds came from the Social Security Board (SSB) and represents Phase Two of the government’s stimulus-response to COVID-19.

Of the total $62.9 million package, $40 million was a grant from the SSB while $17 million was from the SSB’s Affordable Housing Project.

An additional $2 million grant was received from an undisclosed source, and will go towards assisting with infrastructure. The remaining funds amounting to $3.9 million will be from government’s coffers.


Breakdown of $$ from grant

Premier Fahie said $10 million will be channelled towards unemployment relief support for persons who have been either laid off or placed on reduced working hours or days because of the COVID-19 pandemic.

Persons who are ‘eligible’ would be able to receive unemployment income support for a period not exceeding three months.

He explained that the compensation would be on a case-by-case basis and persons would be required to furnish the relevant information to the SSB “to show how they were affected by COVID-19 based on the criterion that will be published”.

Application forms will be available at the SSB’s office starting June 2.


Affected businesses

The Premier said $6.5 million will be made available to local businesses that were affected by the virus. They will be able to access these funds through grants.

“Businesses that qualify for this grant will be expected to put this funding to work and make a genuine effort to keep their staff employed,” Fahie explained.

“These special business grants to help our local businesses will be administered by a team comprised of representatives of the Ministry of Finance, Premier’s Office and the Department of Trade, Investment Promotions & Consumer Affairs,” he added.

Application forms will be available at the Department of Trade or on the government’s official website starting June 15.


Accommodations

Another area to benefit is the accommodation sector. Premier Fahie said a $1 million grant has been allocated for hotels, guest houses, inns and villas who were forced to close to visitors because of COVID-19.

The funds will go towards assisting with cash flow to provide income opportunities for their employees and also to stimulate opportunities for security services, food provisioning, and transport initiatives.

Interested property owners are asked to contact the BVI Tourist Board and the Ministry of Health & Social Development for further details and to register.


Other sectors to benefit

In the meantime, the Premier said daycare centres, private schools, churches and other religious organisations that have been adversely affected by COVID-19 has been allotted a $1 million relief package.

“The details of how and where to apply for this assistance will be published on bvi.gov.vg by June 15 so that qualifying persons and organisations affected by COVID-19 can apply,” he stated.


Taxi operators

Another $1 million will go towards taxi operators who have been affected by the COVID-19, Premier Fahie noted.

He said the monies would be used to “engage local licensed taxi operators to provide the shuttle service, as well as to transport returning nationals and residents to government quarantine facilities, as needed”.

A similar programme will be launched on the sister islands at an undisclosed date in June, he further said.

Meanwhile, the Social Development Department will get $1 million to assist persons with social needs arising from COVID-19.


NHI, Sewerage

The National Health Insurance (NHI) scheme will receive $7.5 million, to assist in providing adequate healthcare for residents, “especially during this COVID-19 era,” Premier stated.

He explained that the scheme was never adequately funded, and it is important that all the medical providers, pharmacies and other entities, regardless of the size of their businesses benefit from this fund.

A further $9 million grant will also go towards the Housing Recovery Unit to assist homeowners to repair their properties. The Premier said an additional $2 million has been set aside to commence work on the East End-Long Look Sewerage Project and $3.9 million was allotted for quicker financial help for residents through the nine district representatives or the four at-large representatives.


No other choice

The Premier, who is also the Minister for Finance, explained that the government opted to ‘avoid touching taxpayers’ piggy bank’ because of the hurricane season as well as the continuous seismic activity being experienced at this time.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
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
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
×