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COVID-19 FAQs: Guidance On Financial Assistance

Cayman Islands Government
Published: July 13 2020
Last Updated: October 4, 2021

Financial Support for Persons affected by the COVID-19 Crisis

This section covers financial support for persons affected by COVID-19 in the Cayman Islands. If your income has been affected due to COVID-19, you may be eligible for financial support from the Government. Click the links below to access the relevant section.

  1. Applying for Needs Assessment Unit (NAU) Assistance
  2. Pensions
  3. Applying For The Displaced Caymanian Tourism Stipend Programme
  4. Health Insurance Premium Assistance
  5. Cayman Islands Centre For Business Development
  6. Support for Families
  7. Support for Agriculture
  8. More questions

 

 

Applying for Needs Assessment Unit (NAU) assistance

If you fit the following categories, you may be eligible for ongoing assistance from the Needs Assessment Unit (NAU):

  • Caymanian or Cayman Status Holder
  • Combined household income of less than $3,000 per month
  • You have neither withdrawn nor are asking to withdraw from your pension funds

To register for NAU support, visit http://www.gov.ky/portal/page/portal/nauhome/publications/pre-assessment-form.

For further information call the Unit at 946-0024 (GC) or 948-8758 (CB).

 

 

Pensions Holiday & Pensions Withdrawal

As per the National Pensions (Amendment) Law, 2020, in the Cayman Islands there is a pension holiday and you were able to withdraw your pension until 31 October 2020.

Cabinet granted an approval for a further extension of the pension holiday period now to expire on 30 June 2021, during which time all employers and employees will not be required to pay into pension plans.

As announced by the Hon. Deputy Premier on June 16, Cabinet by way of an Order, in accordance with section 1(3) of the National Pensions (Amendment) Act 2020, has extended the national pension holiday until 31 December 2021. Read more.

 

Applying For The Displaced Caymanian Tourism Stipend Programme

On Wednesday, 16 June, Minister for Tourism & Transport Hon. Kenneth Bryan announced the continuation of the tourism worker stipend of CI$1,500 per month through October with payments at the full amount. The payment is planned to be reduced to $750 per month for November and December. Read more

These payments are aimed at assisting Caymanians who worked in the Tourism sector and have been displaced due to the COVID-19 pandemic.

All recipients must register with JobsCayman, operated by Workforce Opportunities and Residency Cayman (WORC).

On 31 August, the Government confirmed it will continue the stipend until it is no longer needed. Read more

 

Health Insurance Premium Assistance

Further assistance for displaced Caymanian tourism workers was offered in 2021 to help with Health Insurance Premium payments. 

The program is scheduled to extend through June 2021. Unemployed workers form the Tourism and Hospitality industry are strongly encouraged to take advantage of the programme.

The deadline to submit an application to the HIC to obtain assistance with the premium payment for coverage commencing the 1st April 2021 is the 19th March 2021.

Learn more at www.hic.ky.

 

 

Cayman Islands Centre for Business Development

The Cayman Islands Centre for Business Development has moved into another phase of support packages for micro and small businesses. Support packages are now available to cover wages, digital enablement, commercial rent assistance, business continuity plans among other areas for micro and small businesses.

Micro businesses may apply for support not exceeding $10,000, and up to $20,000 is available for small businesses. Learn more

The Cayman Islands Centre for Business Development (CICBD), in the Ministry of Commerce, Planning and Infrastructure, is working with the University College of the Cayman Islands (UCCI) through the Student Consulting Programme to provide free and confidential advice to small businesses.

The ten-week programme, which begins in February 2021, will partner small businesses with upper-level business students at UCCI. The students will provide advice to business owners to solve a particular problem or reach a specific goal.

 

Support for Families

Support for New Parents

Long-term comprehensive services are available to support young parents between the ages of 13-25. Learn more here

 

Support for Agriculture

During the COVID-19 pandemic in the Cayman Islands, agriculture became a particular focus for support. The Ministry of Agriculture set aside one million dollars in 2021 to ensure that our farmers, especially those negatively affected by the COVID 19 pandemic, gain access to seeds, fertilisers and other essential agricultural input. Read more

Some 400 commercial farmers across the Cayman Islands will continue to receive grants under phase two of the Cayman Islands Farmers’ Assistance and Relief Measures (CI FARM) programme, starting this month until the end of November. This was announced by the Ministry of Planning, Agriculture, Housing and Infrastructure on Thursday, 9 September, 2021.

Government also confirmed $3 million dollars in relief support for commercial farmers impacted by the recent passage of Tropical Storm Grace on October 1, 2021. Read more

 

Still have Questions?

Visit our Get Help page.

 

Tags: FAQs, Guidance