The Rum industry has made significant investments over the last decade with the support of the EU. Under the previous programme, a grant fund was made available on a cost sharing basis in several investment areas - production upgrades, waste treatment, environmental management, distribution & marketing and business development services. Grants were provided to companies on a ‘reimbursable’ basis i.e. the company would present a plan and secure agreement to a project; finance and implement the project; then reclaim the agreed co-funded element, which averaged about 37%.
Production Upgrades A total of 179 projects were approved in this area. Projects undertaken include:
New distilleries; fermenters; distillation units; bottling lines; production facilities; ageing and blending facilities; water treatment; molasses storage; system automation; IT systems upgrade – finance, supply chain; upgrading of laboratory and testing facilities.
Waste Treatment and Environmental Management A total of 31 projects were approved in this area. Projects undertaken include:
Feasibility and pilot studies to determine and test disposal methods and environmental impact. Upgrading and installation of new systems to meet environmental standards and international best practice such as biomethanisation; treatment ponds and ferti-irrigation; marine outfalls; CO2 capture; energy saving projects such as co-generation from bagasse, recycling of waste oils and energy conservation actions.
Distribution & Marketing A total of 91 projects were approved in this area. Projects undertaken include:
New product development and testing; market research; identification of distributors; trade and consumer brand building promotions.
Business Development A total of 61 projects were approved in this area. Projects undertaken include:
Development of business plans; quality training and certification; technical and supervisor training, research (production & marketing); feasibility studies and technical consultancies.