London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

Multi-million dollar plan for small businesses, no new COVID cases

Multi-million dollar plan for small businesses, no new COVID cases

Government revealed details of a $14.5 million life support plan for small and micro businesses Monday as the coronavirus crisis continued to take its toll on the islands.

Though there were no new local test results to announce, the news that British Prime Minister Boris Johnson had been taken into intensive care, suffering from the impacts of COVID-19, prompted fresh warnings about the potential seriousness of the virus.

In Cayman, the number of positive cases sits at 39, with two people currently in hospital suffering symptoms.

The closure of the borders and a series of curfew measures to keep people safe have also meant hard times for businesses.

Commerce Minister Joey Hew announced what was described as the “first tranche” of government’s economic recovery plan.

That includes a $5 million ‘soft loan’ programme aimed at small and micro businesses. Small businesses, employing up to 12 people, can apply for loans of up to $50,000 and micro businesses, employing fewer than five people, can apply for loans up to $20,000.

The loans, which will require no repayment on principal or interest within the first six months, will be administered through the Cayman Islands Development Bank.

Government is also planning a $9 million grant programme for up to 3,000 small and micro businesses to help them survive the loss of revenue due to the coronavirus crisis.

Hew said this would provide up to $1,000 monthly to selected businesses to help with cashflow for up to three months. Those grants will be targeted at businesses which are deemed to have the ability to survive the COVID crisis with government’s help.

Tourism-dependent businesses that can show a plan to transition to work in the domestic economy, will also be eligible for grant funding.

Hew said the reopening of the islands to visitors was “too far down the road” and it did not make sense to put funds into businesses that were 100% dependent on tourism.

“A key part of this is that if you are a tourism-related business, you have to be able to convert your business into one that can survive in the local economy,” he said, adding those companies would get help and support to do that.

A $500,000 training and support programme is also being put in place to provide technical support to those businesses, Hew said.

The minister said further measures for larger businesses were still being worked out but government would be providing help to prepare the island for the “post-COVID economy”.


BA flight overnights in Cayman


Governor Martyn Roper also confirmed that the British Airways flight would arrive from London via Bermuda this evening and overnight in Cayman.

He said the flight crew would be carefully “risk managed” in line with the “regulations and protocols” in place.

More than 100 Bermudians will be repatriated to that Atlantic island before the flight arrives here. No one will be boarding the flight in Bermuda.

The flight will return to London, via the Bahamas, on Tuesday morning. More British residents will be collected in Nassau.

Premier Alden McLaughlin said discussions were ongoing to get a flight out to the US, to allow Caymanians to return from that country and for island residents who had lost jobs to return to their homes.


Two coronavirus patients in hospital


Two people who have tested positive for COVID-19 are currently in hospital, Chief Medical Officer Dr. John Lee confirmed Monday.

There were no new results to announce, but the doctor did give an update on the health of the existing coronavirus patients, saying two were in hospital.

He said there was plenty of capacity at the Cayman Islands Hospital after they had cancelled all elective surgeries to create space.

Lee clarified that there 17 people had been tested on Cayman Brac, with still just the one positive result, which was announced Saturday.

He said the contacts of that person had all been reached and put in isolation.

Lee added that 43 students who returned from overseas two weeks ago and who had been staying in isolation in empty hotels had tested negative for the coronavirus and been released to return to their families.

The premier also highlighted progress with government support for people who had lost income because of the coronavirus. He said the Needs Assessment Unit was supporting 1,651 families, with 136 applications being processed.

Expats who are struggling and can’t get off the island can email covidsupport@gov.ky.


On-spot ticketing starts later this week


Police Commissioner Derek Byrne said 14 people had been found to be in breach of soft curfew Monday, mainly people shopping outside of their allotted days.

He said a new system allowing police to issue on-the-spot fines was not up and running yet and tickets would be printed today [Monday]. He said, for now, curfew breakers were being warned for prosecution.

The Cayman Islands is operating under a fluctuating soft and hard curfew to contain the spread of the virus. The hard curfew, now in place from 7pm to 5am and all day Sunday, limits movement to essential workers only.

The soft curfew restricts movement during the daylight hours while allowing people limited freedom to visit the supermarket or pharmacy or to exercise.

As of this week, further limits are in place. Anyone with the surname beginning A-K is only allowed to go to the supermarket, bank or gas station on Mondays, Wednesdays and Fridays.

The L-Z group is able to do the same on Tuesdays, Thursdays and Saturdays.

Exceptions are made for 90 minutes of exercise, which is still allowed every day except Sunday, as well as for trips to the pharmacy or medical facility.

Police will have the power from Tuesday to issue on-the-spot tickets for breaches of the soft curfew. Penalties range from $250 for failing to maintain six-feet social distance in a public space, to $500 for supermarket shopping outside of people’s allotted day, and up to $750 for opening a business without exemption.

Newsletter

Related Articles

0:00
0:00
Close
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×