The Falkland Islands Development Corporation (FIDC) was established in 1983, in response to the recommendations made in the Shackleton Report, published in 1982.
FIDC acts as the national economic development agency for the Falkland Islands and is tasked to develop the commercial sector of the Falkland Islands.
Being one of the principal partners delivering the Economic, Rural and Tourism Development Strategies, and the lead for the Innovation Strategy, the FIDC is a quasi-autonomous government-funded body, which currently operates with an annual budget of approximately £1m per annum.
The FIDC Ordinance was amended in 2013 and implemented on the 1st July 2015.
Support & Assistance
In the same financial year, FIDC provided over £46k in business, development, domestic and infrastructure grants to 40 recipients. FIDC will continue to support local businesses at all stages of growth, from start-ups to larger and more-established companies.