The T&T man­u­fac­tur­ing sec­tor can now ben­e­fit from Re­pub­lic Bank’s Fi­nan­cial Sup­port Pro­gramme, to­talling $1 bil­lion.

In a news re­lease yes­ter­day, the bank said that un­der this pro­gramme, loans of up to $35 mil­lion in fund­ing per el­i­gi­ble bor­row­er will be made avail­able to the sec­tor via fa­cil­i­ties.

In this ini­tia­tive, the Bank aims to fur­ther en­hance com­pet­i­tive­ness and in­crease ex­port po­ten­tial, while al­so pro­vid­ing a means for lo­cal man­u­fac­tur­ers to earn much-need­ed for­eign ex­change.