Beautiful Virgin Islands

Friday, Sep 19, 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
Macron and his wife to provide 'scientific photographic evidence' that she is a real woman
US Tech Giants Pledge Billions to UK AI Infrastructure Following Starmer's Call
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
DeepMind and OpenAI Achieve Gold at ‘Coding Olympics’ in AI Milestone
SEC Allows Public Companies to Block Investors from Class-Action Lawsuits
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Federal Reserve Cuts Rates by Quarter Point and Signals More to Come
Effective and Impressive Generation Z Protest: Images from the Riots in Nepal
European manufacturers against ban on polluting cars: "The industry may collapse"
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Trump: Cancel quarterly company reports and settle for reporting once every six months
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
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
×