Business View Caribbean - October 2015 19
Welcoming the fund, the Prime Minister
said:
“We want to help the Caribbean on their path of
development – supporting economic growth and
creating new opportunities for people living here.
That’s what this £300 million infrastructure fund is
all about. It will help to fund upgrades to ports, new
roads and new bridges – making it easier here for
businesses to trade with one another and with the
rest of the world. And it will help benefit British busi-
nesses too who have the knowledge and expertise
to deliver the infrastructure improvements needed.
It makes the United Kingdom one of the largest bi-
lateral donors to the region – concrete proof of our
determination to reinvigorate this relationship.”
The International Development Secretary Jus-
tine Greening said:
“Too many Caribbean countries are held back be-
cause they remain vulnerable to severe economic
or climate shocks. With some of the highest energy
costs in the world, it is difficult for businesses to
compete in global markets, leading to decades of
slow or declining growth. Britain’s close relation-
ship with the Caribbean and our new support will
help boost growth and kick-start economic recovery
across the region as well as creating important trade
and investment opportunities for the UK.”
TYPES OF INFRASTRUCTURE
Types of infrastructure the fund could provide
