CCPF is focused on reigniting economic growth in the Caribbean by increasing productivity, fostering innovation and by positioning regional products and services competitively in the global market. Through competitions, CCPF invites and selects project proposals to demonstrate the kinds of investments and activities that private sector companies can adopt to achieve these results.

Projects are implemented in 13 territories across the region:

• Antigua & Barbuda
• The Bahamas
• Barbados
• Belize
• Dominica
• Grenada
• Guyana
• Jamaica
• Saint Kitts & Nevis
• Saint Lucia
• Saint Vincent & the Grenadines
• Suriname
• Trinidad & Tobago

The Facility partners with a broad mix of private, public and not-for-profit actors to deliver innovative and practical solutions to Micro, Small and Medium Enterprises (MSMEs) that win these competitions. Results include increases in exports, jobs and revenues.

CCPF also hopes to influence some of the rules that allow reallocation of resources from less productive sectors to more productive ones.

The Pillars

The CCPF strategy is executed through two Pillars.

Pillar 1: Productivity & Innovation in Private Sector Firms

Under Pillar 1, the CCPF provides technical assistance for project that strengthen the productivity and competitiveness of Caribbean businesses, products and services on the regional and global markets.

Technical assistance is granted under four thematic areas:

• Cluster Operations: initiatives that overcome barriers related to economies of scale and competitiveness.
• Innovations Funds: initiatives aimed at resolving low productivity.
• Technology Extension Services: technical assistance to improve business management processes and production processes.
• Entrepreneurship: Technical assistance to institutions that provide entrepreneurial support.

Pillar 2: Enhancing the Business and Innovation Climate

• Studies aimed at identifying constraints to competitiveness, productivity, innovation and job creation at the national or sector level.
• Reforms aimed at improving the World Bank’s Ease of Doing Business Index ranking including support for the drafting of policies, legislation and regulations; and establishing and strengthening institutional frameworks.
• Sector level reforms (e.g., sector level policy, legislation, and regulations; formation or strengthening of sector/industry association; operating standards; workforce development; etc.)
• Capacity assessment of the institutional framework for promoting private sector development, competitiveness, productivity and innovation.
• Establishing and/or strengthening national institutions that promote private sector development, competitiveness, productivity and innovation.

Expert advice for the implementation of business and innovation climate polices, reforms or enhancements as well as advice for establishing and maintaining public-private dialogue and private sector development can also be accessed.