Background - SIA
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CEF
Introduction
The Cane Expansion Fund (CEF)
In 2006, as a response to changes to the European Union Sugar Regime, including a 36 percent reduction in the price paid for African, Caribbean and Pacific (ACP) sugar entering the EU market, the Government of Jamaica approved a strategy to restructure the sugar cane sector. The Revised Jamaica Country Strategy for the Adaptation of the Sugar Industry: 2006 to 2020 (JCS II) was approved in September 2008.Subsequently, the Revised Sugar Area Development Programme (SADP II) was developed to guide the implementation of JCS II.
SADP II consists of three (3) Components, as follows:
Component 1: Strengthening Commercial Competitiveness (Sugar Cane Sector);
Component 2: Socio-Economic Development of Sugar Dependent Areas;
Component 3: Supporting the National Policy Environment.
In support of Component One (1), the Cane Expansion Fund was established to provide capital injection by way of loans and grants to the sugar cane sector to boost productivity and strengthen the commercial competitiveness of the industry.
Since the inception of the CEF the fund has seen some J$1.8 Billion injected with outflows in the form of loans and grants to registered farmers and contractors in the sugar cane industry. There continues to be a need to increase the productivity in the industry and the CEF is committed to this task.
Contact your Credit Officer
Appleton & Frome area- Jason stone ,
Mobile 876-552-0418,
Email: Jason.stone@jamaicasugar.org
Monymusk&Worthy Park area -Clive Smith,
Mobile 876-552-0417,
Email: Clive.smith@jamaicasugar.org
St Thomas area -Cassidee Beckford,
Mobile 876-552-0409,
Email: Cassidee.beckford@jamaicasugar.org
Trelawny-Notally Wilson,
Mobile 876-552-0419,
Email: Notally.Wilson@jamaicasugar.org
