The COSME Programme, the final programme under the 10th EDF Regional Programme for the Caribbean Overseas Countries and Territories, OCTs was launched on April 1, 2014 on the island of Tortola (BVI). The programme’s overall objective is to contribute to the sustainable and climate-resilient economic diversification and prosperity of Caribbean OCTs. This will be accomplished by improving the competitiveness of Small and Medium-sized Enterprises (SMEs) in the participating territories.
The forty-one (41) month COSME Programme has three specific objectives namely:
1. Strengthening the capacity of the Governments of the Caribbean Overseas Countries and Territories, (OCTs) to service the business sector,
2. Improving the capacity of Business Service Organizations (BSOs) to engage in public-/private policy and administrative reform dialogue with Governments and provide services to their constituency of SMEs and
3. Promoting stronger collaboration, trade and investment relations among the EU, CARIFORUM and the Caribbean OCTs.
Upon completion of the program, it is expected that there will be improvement of policies and the legislative andadministrative framework for SMEs to establish and conduct business in the Caribbean OCTs, improved capacity of business support organizations to deliverthe necessary services to their members and engage in dialogue with Government and improved competitiveness of SMEs participating in the programme and improved collaboration, trade and investment relations among the EU, CARIFORUM and the Caribbean OCTs.
The programme will disperse € 15M to projects benefitting the participating Caribbean Territories. The funds were made available by the European Union (EU).
More information about the COSME Programme can be found at: http://www.cosmeprogramme.org