EU Recovery Grants Extended for Local Tourism Businesses

Guesthouses and safaris can apply for the European Union (EU) grant project “EU Support for a Resilient Recovery of SME Tourism Industry in the Maldives” until end of August 2022.

As part of the project, EU provided EUR 2 million (nearly MVR 36 million) to help the local tourism industry to recover from the COVID-19 crisis. From this, a total of EUR 1.4 million (around MVR 25 million) was allocated for SME recovery grants.

According to a statement by Maldives Fund Management Corporation (MFMC), 443 grant applications were received till end of May 2022. Out of the total applications received, a payment of MVR 13.1 million has been made to 346 eligible establishments till date.

The application deadline for the EU grants has been extended till 31 August 2022, 1400 hrs local time. To apply and learn more about this project, visit the website: https://eusupport.mfmc.mv/.

Featured Image: Reed Edge Thulusdhoo

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