Barbados Agritourism Policy Setting Workshop 2019 Policy setting for improved linkages between agriculture, trade and tourism: Strengthening the local agrifood sector and promoting healthy food in agritourism. Workshop organised by the Government of Barbados In collaboration with CABA, CTA, IICA, CTO, CHTA, CDB Courtyard by Marriott Hotel, Barbados, 27 & 28 March 2019

1. Overview of Financial and Technical Assistance
Available for Agro-Tourism Products
Nicole Alleyne
Ministry of Tourism and International Transport

2. PRESENTED BY:
Mrs. Nicole Alleyne
Chief Tourism Development Officer
Ministry of Tourism and International Transport
PRESENTED AT:
Barbados Agro Tourism Policy Setting Workshop
Courtyard by Marriott Hotel
March 28th, 2019

3. PRESENTATION OUTLINE
• Examples of Agro Tourism Products
• Financial Assistance Available
• Technical Assistance Available

4. Examples of
Agro Tourism
Products

5. FINANCIAL ASSISTANCE AVAILABLE
• Tourism Development Act, Cap. 341
– Encourages the sustainable development of the
tourism industry;
– Provides duty-free concessions;
– Provides income tax concessions;
– For approved tourism projects and certain
tourism entities.

6. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Sec. 31 (c) of the Tourism Development Act
provides an income tax concession for tourism
projects which develop linkages between the
tourism sector and other economic sectors.

7. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Sec. 3 (3) of the Act states:
“The Minister may, with the approval of the Cabinet,
declare by order any service or facility to be a tourism
project for the purposes of this Act.”

8. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Trust Loan Scheme
– Is designed for all persons who are engaged in
or seeking to become engaged in legitimate
entrepreneurial business activity.
– Up to $5,000 loan financing available to first
time applicants.
– No security required.

9. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Trust Loan Scheme (Cont’d)
– 5% interest rate.
– Negotiable repayment moratorium.
– Upon repayment of the first loan you qualify for
a second loan of up to $10,000.

10. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Fund Access
– Caters to the development of micro and small
businesses.
– Offers a variety of business loans.
– Business Innovator loan is designed for persons
involved in the creative industries inter alia.

11. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Global Environment Facility (GEF) Small Grants
Programme
– Provides financial and technical support to
projects that conserve and restore the
environment while enhancing people's well-
being and livelihoods.

12. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Global Environment Facility (GEF) Small Grants
Programme (Cont’d)
– provides grants of up to $50,000 directly to local
communities including indigenous people,
community-based organizations and other non-
governmental groups;

13. FINANCIAL ASSISTANCE AVAILABLE (Cont’d)
• Global Environment Facility (GEF) Small Grants
Programme (Cont’d)
– the grants fund projects in areas including
Biodiversity, Climate Change Mitigation and
Adaptation, Land Degradation and Sustainable
Forest Management.

14. TECHNICAL ASSISTANCE AVAILABLE
• Fund Access: Provides training in varied business
areas as a prerequisite of loan approval.
• GEF Small Grants Programme: Provides technical
support.
• Barbados Tourism Marketing Inc. (BTMI) –
Product Division: Provides technical assistance.

15. Thank you for your
attention!