The Barbados Government is committed to removing the “red tape” which is stifling the growth of small and medium enterprises.
The Ministry of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, gave the assurance as he delivered the featured address during celebrations to mark International Day of Cooperatives 2018.
“We are committed to providing the much needed start-up capital for small and medium enterprises. We are going to remove a lot of the red tape and requirements that have hitherto been prohibitive for enterprising persons starting their businesses,” he told those gathered at the Pelican Craft Village, in Bridgetown, over the weekend.
However, Sutherland said his ministry could not do it alone.
“ We therefore need to work with you in this sector to achieve synergies with other platforms of growth and in turn give you a higher return on your investments.
“As a Government we recognize the urgent need we have for diversity in the way we do business. There is need for cooperatives, in all of their many forms to be recognized as a valued part of the national economy,” he added.