MAURITIUS BUSINESS GROWTH SCHEME
MBGS Office: Suites 214-215
2 F., St James Court
St Denis Street
PORT LOUIS, Mauritius
Tel. 230 211 0641 / 212 9818 Fax. 230 213 3080 Email:
Website: under construction
50 - 50 MATCHING GRANTS PROGRAMME
WHAT IS THE MAURITIUS BUSINESS GROWTH SCHEME (MBGS)
Vision
- To provide supporting services to enable businesses, particularly SMEs to grow by creating, managing and maintaining an exciting, professional hub.
Mission
- To create value and improve competitiveness of enterprises, particularly SMEs in Mauritius.
Objectives
- Toimprove access to professional and sustainable quality Business Development Services
- To boost economic growth
- To provide Hand-holding, or “mentoring” services, to support beneficiary SMEs
- To provide Cost-sharing or matching grants, to buy specialized outside expertise
The Mauritius Business Growth 50-50 Scheme, or MBGS, can pay up to 50% of the cost of activities or programmes of activities undertaken by a company to:
• Develop its business.
• Boost its sales.
• Increase its local, regional or global competitiveness.
• Expand existing markets or enter new markets.
• Develop new products or product lines
• Work on designs, research or development
• Improve its management, logistical, financial or supply chain related performances
• Obtain quality certifications
• Seek local or international technical expertise and consultancy
• Expand employment.
All MBGS related activities must be specific business development activities.
Expenditures on fixed assets, overheads, working capital or routine business operations are not eligible.
Main areas of expertise and assistance:
- Technical Assistance
-Production planning
-Lean and efficient manufacturing
-Process engineering
2. Budgeting, Financial and Business Planning
3. Business Development Services / Marketing
4. Product Design/ Research and Development
5. Logistics (Value Chain)
6. Compliance Norms (Social, Technical, Environmental)
WHAT DOES MBGS DO?
►► MBGS pays 50% of the cost of eligible activities, up to a maximum of US$ 100.000.- per company over the life of the Scheme.
MBGS is a grant – not a loan. The grant is paid in full after the activities are completed. The company must therefore pay the full costs of all MBGS related activities first, and the grant will subsequently refund 50%.
Partial, step by step payments can also be made to the SMEs, in order to ease their financial burden.
►► MBGS can supply free “Hand-holding” or “mentoring” services to approved companies. This is to support beneficiary private sector companies with the planning and implementation of a plan for business growth and increased competitiveness.
IS YOUR COMPANY ELIGIBLE?
All Mauritius registered SMEs involved in manufacturing, processing, agriculture, fisheries, services or providing business development services are eligible for assistance from the MAURITIAN BUSINESS GROWTH SCHEME.
A business is not eligible if it is involved exclusively in trading or banking.
HOW DO YOU APPLY?
The first step is to complete a one page Application Form, obtainable at the address below or at the MBGS website: , and return it to the MBGS offices in hard or soft copy.
You will be advised as to your eligibility within 3 working days from the receipt of your application in the MBGS offices. You will then be immediately contacted by an MBGS team member, to discuss your project further and organize a site visit.
If you have any further questions, please do not hesitate to contact the MBGS offices:
MAURITIUS BUSINESS GROWTH SCHEME
The whole MBGS team looks forward to working with you and helping you reach a higher level of competitiveness!