APPROVED RESIDENTIAL SCHEME (ARS)

APPROVED RESIDENTIAL SCHEME (ARS)

and the KICKSTART PROGRAMME

To unlock development in the EEZs, the Government of Bermuda launched the Approved Residential Scheme (ARS) - a targeted initiative to accelerate housing and mixed-use projects.

key goals

Stimulate economic activity and private investment in the EEZs

Support high-quality residential and mixed-use developments

Empower local communities and prevent displacement

Reinvest through EEZ community development funds

Approved projects are carefully assessed for their economic, social, and community impact, ensuring growth benefits residents and investors alike.

get involved

Developers and investors are encouraged to participate in Bermuda's urban renewal. Join the movement that's reshaping communities and building opportunity across the island.

CHECKLIST & APPLICATION

Everything you need to start your ARS application.

download

CONTACT THE UDA

(441) 292-5570

uda@bedc.bm

2nd Floor, 19 Elliot Street, City of Hamilton

KICKSTARTER PROGRAMME

KICKSTARTER PROGRAMME​

A CATALYST FOR REGENERATION

The ARS Kickstarter Loan Guarantee Programme exists to facilitate funding for qualifying ARS projects. In partnership with participating local banks, the Kickstarter Programme lowers borrowing costs, reduces risk, and makes large-scale projects financially viable, stimulating new investment and economic activity within Bermuda’s EEZs.

PROGRAMME HIGHLIGHTS

PROGRAMME HIGHLIGHTS

$50 million sovereign guarantee

supporting ARS projects

Preferred interest rates

through participating banks (HSBC, Clarien, BCB)

Customs Duty deferment

for qualifying EEZ developments

Six-year Government Guarantee term

post-construction

KICKSTART YOUR INVESTMENT

Together, we can unlock the full potential of Bermuda’s economic empowerment zones and create lasting value for investors, residents, and the community.

BORROWER REQUIREMENTS

Explore the key steps and documentation needed to access financing through the ARS Kickstart Programme.

download borrower requirements

PARTICIPATING BANKS

HSBC BERMUDA

CLARIEN

BERMUDA COMMERCIAL BANK

What's Available

View available development sites across the island on our interactive map.

view available sites

connect with us

Get in touch with us to submit a proposal or to get more information and be part of the transformation.

GET IN TOUCH