The Falkland Islands Chamber of Commerce is pleased to welcome Peter Softley and Fionn Blackman from Queenstown Strategic Advisors (QSA), who are visiting the Falkland
The Falkland Islands Chamber of Commerce held its 29th Annual General Meeting on Friday, 30th September 2022. During the meeting, members re-elected Mike Summers as
On Sunday 3rd July 2022, the Falkland Islands Rural Business Association (RBA) welcomed members of the community to its Farmers Week Expo in Stanley’s town
On Monday 30th May, the Falkland Islands Chamber of Commerce hosted a working lunch to allow members of the business community to meet with The
The Falkland Islands Development Corporation (FIDC) was established in 1983, in response to the recommendations made in the Shackleton Report (1982). 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, and the lead for the Innovation Strategy. FIDC is a quasi-autonomous government-funded body, which currently operates with an annual budget of approximately £1m per annum.
The FIDC Ordinance was amended in 2013 and implemented on the 1st July 2015. The 2013 Ordinance defines FIDC’s purpose as follows:
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. In the 2020/2021 financial year FIDC provided over £847k in business loans to 11 entrepreneurs and businesses.
In the same financial year, FIDC provided over £47k in business, development and infrastructure grants to 24 recipients. FIDC will continue to support local businesses at all stages of growth, from start-ups to larger and more-established companies.
Keywords: Economic Development, Commercial, Industry, Rural, Tourism, Agriculture, Construction, Strategies, Projects, Infrastructure, Advice, Support, Guidance, Loans, Grants, Funding, Financing, Business, Professional
