en
Co-funded by the European Union
Co-funded by the European Union
Location
Jamaica
Topic
Access to Finance, Business Regulation and Policy, Social Economy
Beneficiary
The Planning Institute of Jamaica
Status
Completed
Year
2022
Jamaica faces several social, environmental and cultural issues inimical to its development. Social enterprises are playing a crucial role in bringing attention to these issues and trying to solve them, through positive contribution to aggregate demand, social inclusion and economic gains. A proper legislative framework and formalisation would unleash several spin-off benefits for the sector, including a registrable legal status with attendant benefits and programmes designed specifically for the needs of the sector.
The objective of the intervention is to support relevant institutions to undertake the needed administrative reform for the successful implementation of the Legal Status Act for Social Enterprise in Jamaica (previously developed with technical assistance from the ICR Facility), when it is passed in the coming months. And to strengthen the relevant intermediaries to bridge the gap between them and social enterprise investors as well as to prepare social enterprises in Jamaica to become investor-ready.
The technical assistance includes:
The ICR Toolbox is written for policy-makers and the business membership organisations in African, Caribbean and Pacific (ACP) countries and beyond, and is designed to respond to common challenges faced by those working to develop a business environment for a thriving, inclusive, and sustainable private sector. It includes straightforward, practical tools that require limited resources and time to apply, with step-by-step guidance and lessons learned from applying
The ICR Facility led the implementation of the
intervention which was successfully executed. I use this opportunity to say congratulations Jamaica and thank you to the EU and the partnering organisations which co-founded the ICR Facility for business reform for the social enterprise sector project Jamaica.
We are truly grateful.
It supports targeted interventions through local or international experts that can be deployed for up to 90 expert days over the course of a year.
It supports targeted interventions through local or international experts that can be deployed for up to 90 expert days over the course of a year.
It supports targeted interventions through local or international experts that can be deployed for up to 90 expert days over the course of a year.