BRIDGETOWN, Barbados — The Caribbean Export Development Agency (Caribbean Export), backed by the European Union’s (EU’s) Global Gateway initiative, has launched a facility to help upgrade Caribbean micro, small and medium-sized enterprises (MSMEs).

Dubbed the Building Resilient Innovation for Digital & Green Enterprises (BRIDGE) facility, the programme offers co-financing of up to EUR 100,000 to help MSMEs transition to more sustainable and digitally competitive business models.

BRIDGE is designed to strengthen the resilience and competitiveness of MSMEs in the region by addressing two of the most urgent priorities for the private sector— green transition and digital transformation.

Through two dedicated streams, MSMEs can access funding support to accelerate their growth.

1. Green Transition: The European Union will co-finance up to EUR 100,000 (60 per cent of project costs) for projects in renewable energy, sustainable agriculture, circular economy, blue economy, and green services and technologies.
2. Digital Transformation: The European Union will co-finance up to EUR 50,000 (60 per cent of project costs for initiatives in e-commerce, business process automation, cybersecurity, digital products, and supply chain digitisation.

Beneficiaries are required to contribute at least 40 per cent of project costs, ensuring strong ownership, sustainability and a shared commitment to success.

Dr Damie Sinanan, executive director at Caribbean Export, emphasised the importance of this initiative, stating: “BRIDGE is not just about financing — it is about co-investing in the future of our businesses. By supporting the green and digital transitions, we are empowering businesses to reduce costs, innovate and access new export markets. This is how we build a more competitive, resilient and inclusive Caribbean economy.”

Fiona Ramsey, ambassador of the European Union to Barbados and ambassador designate to the Eastern Caribbean States, added, “The EU is proud to partner with Caribbean Export in supporting businesses on their journey toward sustainability and digitalisation. These transitions are essential for the Caribbean’s long-term competitiveness and integration into global value chains. This clearly demonstrates that the EU stands ready to support Caribbean businesses in creating jobs, reducing vulnerabilities and driving innovation for generations to come.”

Applications for both streams of the BRIDGE are now open and will close on November 9, 2025 at 11:59 pm AST.

Eligible firms can access guidelines, application forms and budget templates at www.carib-export.com. Applications must be submitted via email with all required documentation.