Small Business Bureau

The Small Business Bureau is a semi-autonomous Government agency that was created to fulfill and execute the mandate set out in the Small Business Act No. 2 of 2004.

This Legislation was assented to with the aim of providing:

  • Incentive regimes and support programmes for small businesses
  • A Council, a Bureau (which is the secretariat or executing agency of the said council), and
  • A development Fund

The Bureau is required to fulfill its mandate through four distinct functional areas:

  • Access to Financing for Small Business,
  • Entrepreneurial/Business Development Services,
  • A guarantee and commitment of 20% Government procurement from small businesses,
  • And advocacy – (Policy and regulatory review for the assessment of their impacts on small businesses)

The Small Business Bureau’s strategic focus and objectives are as follows:

  • To raise the visibility of small businesses and the SBB
  • To make it easier for small businesses to access government services and permits
  • Policy advocacy for an improved environment for small businesses
  • To implement programs to encourage small businesses to grow and develop, providing more value-added and jobs
  • To serve as a point agency for expertise and data on small businesses
  • To establish and facilitate sector clusters and networks for business development and innovation

The Bureau’s work programme is guided by the following subheads or sub-programmes:

  • Administration and Policy Development – (within the Council & Bureau)
  • Training & Education
  • Information Gathering, Visibility & Awareness
  • Promotion of policies and programmes for small businesses
  • Business & Technical support

The Small Bureau currently has 12 staff and is implementing phase 1 of a USD5m project to provide training and access to finance for small businesses. This is called the Micro and Small Enterprise Development Project (MSED) and is funded through GRIF. The project documents can be found online here: GRIF link.