Revised Laws of Saint Lucia (2021)

11.   Qualifications for relief

1.  

   (1)   A small scale business enterprise may qualify for any or all the reliefs specified under section 10 where the Minister is satisfied that the enterprise is in a field considered to be a priority area in accordance with subsection (3) and meets 3 of the following—

   1.  

      (a)     has in the immediately preceding year made serious efforts to become more efficient, as measured by financial ratio indicators;

   1.  

      (b)     has achieved significant growth in the last 2 years of its operation, as measured by—

      1.  

         (i)     production levels,

      1.  

         (ii)     revenue performance,

      1.  

         (iii)     increase in market share,

      1.  

         (iv)     other growth performance indicators;

   1.  

      (c)     has combined with other enterprises to share the cost of relevant services or with respect to the bulk importation of raw materials;

   1.  

      (d)     has created additional employment within that enterprise.

1.  

   (2)   Despite subsection (1) an enterprise shall not be entitled for relief if it is not engaged in environmentally sound operations to the satisfaction of the Minister responsible for the environment.

1.  

   (3)   The Minister shall issue a policy statement identifying the priority sectors for the establishment of micro and small scale business enterprises.