The Falkland Islands Chamber of Commerce has announced the first Falkland Islands Environmental Business Symposium, being held at 12:30 on the 18th of March. The
Earlier today, the Falkland Islands Government announced that Falklands Post Service Limited will be taking over services currently provided by the Royal Falkland Islands Police
The Falkland Islands Chamber of Commerce is pleased to publish its priorities for the upcoming general election, scheduled for November 4th, titled “Business Priorities –
At a Falkland Islands Executive Council meeting on 10 September 2021, the Falkland Islands Government approved plans to proceed to the next stage of their
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
