• Helping Business

    Helping Business

    Part of FIDC’s mission is to enable the private sector to successfully secure and maximise new and existing business opportunities across all sectors of the economy. Whether you are looking to establish a new business or expand an existing one, FIDC provides assistance and incentives in the form of business advice and access to funding.
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Grants

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FIMCo Supplier Support Scheme-      

As a consequence of the global pandemic, the Falkland Islands Meat Company (FIMCo) has cancelled the full export season due to the risk to staff. A modified export season has also been introduced in light of the fact that the UK has maintained tariff-free access to the EU for meat products.

As a result, the FIMCo Board has approved the FIMCo Supplier Support Scheme for 2021 to provide relief for meat suppliers in light of current issues by compensating farmers scheduled to provide supplies to FIMCo that cannot be processed anymore. Mutton not able to be processed by FIMCo will be supported at a rate of £10 per head; no payment will be made for culled sheep. For the 2020 year, FIMCo provided a maximum of £370,000 worth of financial support with 22,000 mutton expected to be processed in 2021. Payments will be administered by FIDC who will work with FIMCo to ensure that payments are processed.

A number of ‘general industry support measures’ are also available to rural businesses alongside the FIMCo Supplied Support Scheme 2021.

Full details can be found by using the using link below-

FIMCo Supplier Support Scheme info

Business Development Grant Scheme

FIDC is proud to announce the Business Development Grant Scheme.  The aim of this scheme is to assist local businesses take advantage of new business opportunities.  FIDC recognises the associated barriers of acquiring higher standards of skills, procedures and processes to take advantage of the increasing number of business opportunities in the Falklands.  FIDC wishes to reduce the financial barrier of meeting these higher standards by helping local businesses acquire internationally recognised training and certification to better position their business to take advantage of new opportunities.

The scheme, approved by the Falkland Islands Development Board in April 2016, provides up to 50% or £5,000 (whichever is lowest) of grant funding for businesses to acquire internationally recognised training or certification.  The scheme is not prescriptive in the types of training and certification that can receive grant funding from this scheme as the kinds of training and certification that can make a business more competitive will vary from application to application.  The remaining 50% of the funding for the training or certification must be provided by the applicant.  Costs eligible for funding from this scheme include anything directly related to acquiring the training or certification, for example course fees, exam fees, assessor fees, travel and accommodation.

The scheme only provides funding for the applicants’ initial training qualification or certification.  The funding will take into account all of the costs to reach that stage, but any maintenance or on-going auditing or assessing post accreditation is not covered by this scheme.  The rationale behind this is to ensure the scheme remains focused and as many businesses can be helped by the scheme.

The application form for this scheme can be downloaded by clicking on the link below.

document Business Development Grant Application (325 KB)

For more information about this scheme, please contact Development Manager (e: This email address is being protected from spambots. You need JavaScript enabled to view it. or t: +500 27211)

The Thermal Energy Grant Scheme is available to assist owners of occupied residential properties (including Landlords) to purchase and install a renewable heating system as a secondary source of heating.

The assistance available under this scheme is,

  • A grant of 50%, up to a maximum of £2,500 to cover the capital costs of an appropriately sized renewable heating technology and its installation.

For further information please read  pdf Thermal Energy Grant Scheme (330 KB) or contact the Development Manager, Tel +500 27211 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

The Rural Energy Additional Generation Grant Scheme is available to assist rural businesses that have benefited from the Rural Energy Grant Scheme. The business must demonstrate that the demand of electricity has increased or the business has expanded since the installation of the energy system part funded by the Rural Energy Grant, the consequence being that the business is more reliant on fossil fuel generated electricity, or demonstrate that the additional generation capacity to be installed will be beneficial to the business’ further development.

The assistance available under this scheme is,

  • A grant of up to 50%, up to a maximum of £2,000, to cover the capital costs of a secondary renewable energy technology with a maximum electrical output of 2,000kWh per year (for example 2.5kW Solar PV array) and its installation.

For further information please read  Rural Energy Additional Generation Grant Scheme or contact the Development Manager, Tel +500 27211 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

The Energy Loan Scheme provides financial assistance to businesses with the capital costs of an energy system and its installation.

There are two options available under this scheme,

  • An unsecured loan with a maximum budget available of £20,000 and a maximum repayment period of 5 years.
  • A secured loan with a maximum budget available of £50,000 and a maximum repayment period of 10 years.

For further information please read  pdf Energy Loans (497 KB) or contact the Development Manager, Tel +500 27211 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

About the FIDC

FIDC acts as the national economic development agency for the Falkland Islands and is tasked to develop the commercial sector of the Falkland Islands by being one of the principal partners delivering the Economic, Rural and Tourism Development Strategies.

To help drive sustainable economic growth and assist in the creation of new jobs and opportunities, FIDC provides various forms of support and assistance to the Falkland’s business community.