This initiative will help micro and small enterprises (MSEs) affected by the Beirut explosion in the hospitality, design and crafts, food production and retail sectors.
Applications are closed.
‘Support to MSEs affected by the Beirut Blast’ is a UNDP initiative funded by the Government of the United Kingdom and implemented in partnership with Berytech, targeting micro and small enterprises affected by the Beirut Blast through the provision of business development support and conditional cash grants to help sustain or create jobs and support local livelihoods.
Duration: 7 months
Start Date: September, 2021
End Date: March, 2022
Main source of funding: The Government of the United Kingdom
40 to 50 selected MSEs affected by the Beirut Blast of which 30% are women-led, will be receiving tailored business development plans support, offered coaching/business support, and up to USD 7,000 in cash grant per business.
APPLICATIONS ARE CLOSED.
Tailored business development plans support, coaching/business support, and up to USD 7,000 in cash grant per business
In Lebanon, over 90% of enterprises active in the economy can be categorized as MSMEs, employing more than 50% of the working population. They are crucial players for economic growth, local development, employment, and income generation.
For the past ten years, Lebanon has been severely affected by multiple crises; starting with the refugees, political, financial and economic instability and most recently the health challenges following the outbreak of the COVID-19 pandemic. This has culminated with the massive blast that occurred on August 4, 2020, and the subsequent damages and repercussions on businesses operating in Beirut.
This initiative will help restore livelihoods by supporting the recovery of the local MSEs affected by the Beirut Blast.
The tailored multidimensional support will help MSEs increase their access to customers and online markets aiming to strengthen business continuity, job retention, and growth.
This UNDP initiative, ‘Support to MSEs affected by the Beirut Blast’ is funded by the Government of the United Kingdom and implemented in partnership with Berytech.
If you have any questions or need information email us on support@berytech.org.
Berytech is the ecosystem for entrepreneurs, providing a dynamic environment for the creation and development of startups and SMEs, fostering innovation, technology and entrepreneurship in Lebanon.
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