For Immediate Release

Basseterre, St. Kitts – January 25, 2013 (SIDF) – Facilities at the Basseterre High School will be refurbished and upgraded with funding made available by the Sugar Industry Diversification Foundation (SIDF). In response to a need to address a critical situation affecting students and staff, the SIDF has provided a grant of one million Eastern Caribbean dollars (EC$1,000,000.00) to retrofit male bathrooms, Chemistry and Physics laboratories and the Science Staff Office on the Western Campus.

Extensive work will be carried out over a period of approximately four months.  The upgrading of the male bathrooms includes replacing the roof, toilets, urinals and septic tank, and painting walls. The laboratories will be gutted and refurbished, and a new roof will be placed on the buildings.  Additionally, new windows and doors will be installed, and for the first time, the floors will be tiled.  A soakaway to serve the laboratories only will also be constructed. This million dollar investment by the SIDF is a demonstration of its commitment to working with the Government to ensure a comfortable and healthy environment for students and teachers, and an atmosphere that is conducive to learning.

Other projects which benefit students and young persons have been financed by the SIDF.  The Student Assistance Guarantee Fund was established at the Development Bank of St. Kitts and Nevis in 2010 to help students with difficulty obtaining a loan to pursue studies because they are unable to find a second guarantor.  The Clarence Fitzroy Bryant College was the recipient of a US$250,000 grant in 2012 to procure a Student Management Information System to create greater efficiency in registering new and continuing students. In December 2012, the National Skills Training Programme launched the People Employment Program (PEP) which is being funded by the SIDF.  Under the Engaging Qualified Interns Project (EQUIP), one of the six components of PEP, academically qualified but unemployed persons are placed on paid job attachment to gain work experience and an opportunity to become permanently employed.

Since its establishment in 2006, the SIDF has been making investments in all major sectors of the economy to stimulate growth, diversify revenue streams and create greater opportunities for the advancement of citizens and residents in the Federation.