The Turks and Caicos Islands Government has by virtue of Section 11 of the Emergency Powers (Covid-19) (Economic Relief Measures) Regulations 2020 established the Coronavirus Business Assistance Grant. This relief measure makes it possible for eligible small businesses (MSMEs) and self-employed persons to access cash grants to assist with the expected economic fallout from the Coronavirus (Covid-19) pandemic.

The cash grant may be available to eligible small businesses and self-employed persons as follows:
Self-employed persons: $1,200
Micro Enterprises: $2,000 (1 to 5 employees)
Small Enterprises: $3,500 (6 to 19 employees)
Medium Enterprises: $5,000 (20 to 25 employees)