The COSME Programme was launched on April 1, 2014 on the island of Tortola (BVI). There the parties involved in management of the program met in person and via video conference to start up the Programme. The 41 month programme will disperse $15M Euros to projects benefiting participating Caribbean Territories. The funds were made available by the European Union (EU).

The programme’s overall objective is to contribute to the sustainable and climate-resilient economic diversification and prosperity of Caribbean OCTs. This by improving the competitiveness of Small and Medium-sized Enterprises (SMEs) in the participating territories.