Over the past decade the Eastern Caribbean Central Bank (ECCB) has been working towards developing the Eastern Caribbean Enterprise Fund (ECEF) as key component in the Bank’s money and capital markets development strategy for the Eastern Caribbean Currency Union (ECCU). The ECCU is comprised of the following countries: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts-Nevis, Saint Lucia and St Vincent and the Grenadines. It is envisioned that the ECEF will fill the gaps in the provision of financing and technical support to facilitate the growth of business enterprises in the ECCU region.

The ECEF will be the umbrella institution with several funds under management. It is expected that the initial funds under the ECEF would include a SME Development Fund, a Growth Fund and a Technical Assistance Fund. Each fund will have different objectives, and target different investors and business enterprises. The ECEF is expected to be financially profitable offering competitive returns to investors.

On 11 October 2009, the Eastern Caribbean Enterprise Fund Limited (ECEF) was incorporated by the ECCB in St Kitts-Nevis as an ordinary public limited liability company.