British Virgin Islands

British Virgin Islands

British Virgin Islands

A British Overseas Territory, the British Virgin Islands are located in the Caribbean, 80 km east from Porto Rico. The territory has 47 islands, 16 of which are inhabited. The islands have a total surface area of 153 km² and the capital is Road Town (on the island of Tortola). The total population of the British Virgin Islands is estimated at 28,213. Tourism, the driving force of the economy and the financial services industry, helps make the economy of the British Virgin Islands’ one of the most prosperous in the Caribbean.

The British Virgin Islands are not eligible for a territorial allocation under the European Development Fund (EDF). However, the country is a beneficiary of the EDF-OCT Caribbean regional envelope of €40 million, which will focus on developing sustainable energy and marine biodiversity in the Caribbean. Bonaire is also one of the beneficiaries of a €15 million programme under the 10th EDF regional envelope for the Caribbean OCTs which focuses on stimulating the growth of Small and Medium Enterprises (SMEs). The programme is enhancing economic competitiveness and lessening social, economic and environmental vulnerabilities.