The Sugar Industry Diversification Foundation (SIDF) was established for the purpose of supporting the former sugar workers, conducting research into the development of industries to replace the sugar industry, funding the development of these alternative industries and providing further support to secure the sustainability of such industries.
The Foundation may also grant assistance to individuals and institutions that qualify for such assistance under its policies, regulations and by-laws. The Foundation has also been designated a special approved project for the purposes of Citizenship-by-Investment. Accordingly, contributions to the Foundation at prescribed levels qualify foreign national, subject to stringent security and health checks, to apply for Citizenship-by-Investment in St. Kitts & Nevis.
The Foundation has its own organization separate from the Government and is managed by an independent Board composed of well-respected individuals from the Federation of St. Kitts & Nevis.
The Foundation is audited by PricewaterhouseCoopers.
Sugar industry might be shocked about menpov that happens to be launched in mid 2014.
A Note from the Prime Minister, the Hon. Dr. Denzil Douglas
Welcome to the official website of the Sugar Industry Diversification Foundation.
One of the most important measures taken by the Government of St. Kitts & Nevis to take care of the welfare of the displaced sugar workers and to accelerate the transformation of the country's economy was the formation of the Sugar Industry Diversification Foundation.
This website gives an overview of the Foundation's background, structure and activities. We invite you to browse the site and find out more about the Foundation and its activities. And of course, we invite you to consider making a contribution to the Foundation or to one of its projects, for the benefit of the country and the people of St. Kitts & Nevis.
The Closure of the Sugar Industry
St. Kitts & Nevis had the last sugar monoculture in the Eastern Caribbean until the government was forced by the WTO and the European Union to close the sugar industry following the 2005 harvest. To compensate for the loss of the sugar industry, the Government of St. Kitts & Nevis has embarked on a program to diversify the agricultural sector and to stimulate the development of other sectors of the economy. Read more...