Ethical Ideas Raises another million for clients

Ethical Ideas is pleased to announce that a grant funding request to Compete Caribbean has ascended to the next level of consideration with a USD $50,000 grant to prepare a Cluster Competitiveness Improvement Plan (CCIP). The plan, when completed, will be presented to an investment panel to obtain up to USD $500,000 for implementation. The successful application was predicated upon a grant proposal to implement the Hotel Sector Economic Recovery Plan funded by the Canadian Government and drafted by Ethical Ideas.

In addition, Ethical Ideas has recently learned that another Caribbean Fund is in the final stages of approval (awaiting Board Signature) with a value of USD $300,000. This grant is particularly valuable to the hotel sector, because it involves grant funding for energy efficiency and renewable energy investments. This kind of pragmatic, results oriented investment is rare from donors, who generally prefer to spin wheels with consultants rather than investing money on tangible change making activities. You can rest assured that when this fund is officially launched - I will be posting and raving about this donor!

Combined, the value of these two grants will be in excess of XCD $2 million with even more funds expected that are still in the early stages of the approval process. By the time all the grants come in, the Hotel Sector should have access to XCD $10 million to support economic recovery and energy use reduction.

The best news of all is of course that Grenada's hotel sector is one step closer to their zero carbon goal, and that this environmental solution is directly linked to economic prosperity. The Hotel Sector will be ending this great week with a cocktail party that brings stakeholders from tourism and agriculture together to strengthen the links between the two sectors. Sustainable initiatives that are just 'happening' more than being initiated are so thrilling!