The initiative, spearheaded by the Ministry of Commerce, Manufacturing, Business Development, Cooperatives and Consumer Affairs, will officially launch tomorrow, Tuesday, November 11, 2025, marking the latest in a series of interventions under the Saint Lucia Labour Party (SLP) administration aimed at boosting entrepreneurship and driving inclusive economic growth.

This new phase introduces two targeted interventions, support for the baking sector and non-financial producer cooperatives, both identified as critical to improving national food security and strengthening Saint Lucia’s local value chains.

According to the Ministry, this strategic extension responds to sustained calls from business operators for sector-specific support during previous rounds of the Facility’s implementation. By channeling resources into high-impact industries, the Government aims to ensure that the benefits of economic recovery reach the small enterprises that sustain communities and create jobs.

The MSME Loan-Grant Facility remains one of the government’s flagship financial programs, offering a blended package of low-interest loans and grant funding designed to give micro, small, and medium-sized businesses the capital they need to expand, innovate, and thrive in an evolving economic landscape.

Officials underscore that the Extension Phase will be governed by a structured application and evaluation process, supported by detailed eligibility criteria and guidelines to ensure transparency, fairness, and maximum impact.

As the administration continues to prioritize small business development as a pillar of national transformation, the Ministry’s latest move reinforces a clear message that the Government of Saint Lucia is investing in its people, its producers, and its future.