Grenada · Policy & practice
Grenada’s fund route in Q1 2026: 27 applications received and 40 approved
The National Transformation Fund route recorded 110 new citizens and EC$17.47 million in revenue. Intake, approvals and people granted citizenship measure different activity, not a single applicant cohort.
National Transformation Fund receipts, January–March 2026, in EC$ millions, rounded to 2 decimal places. The exact total is EC$17,473,300. Receipts do not represent investments by a single intake cohort.
Grenada’s first-quarter 2026 report records 27 applications received and 40 approved under the National Transformation Fund route. It also reports 110 new citizens and EC$17,473,300 in fund revenue for January to March.[1]
At this review on 13 October 2026, Q1 was the latest 2026 quarterly report that could be verified in the official statistics directory. These are first-quarter figures, not annual totals or October intake.[2]
Reading intake and approval figures
The report does not identify the 40 approved applications as outcomes of the 27 received that quarter. Dividing approvals by new submissions cannot establish an approval rate.[1]
People and applications are different units too: a family application can cover several individuals. Without linked case data, the 110 new citizens cannot be divided by the approval count to infer an average family size.
March recorded the highest receipts
NTF receipts were EC$5,094,139 in January, EC$4,825,319 in February and EC$7,553,842 in March. The chart expresses those amounts in millions, rounded to 2 decimal places; the figures here retain the source precision.[1]
The report defines revenue as money actually collected during the period. It does not establish the investment value of applications submitted in the same month or the price paid by a particular family.
A changed definition of new citizens
The Q1 2025 footnote defined “Number of New Citizens” as people approved for citizenship, rather than people actually granted it. Q1 2026 instead defines the measure as people granted citizenship and says this definition will apply going forward.[1][3]
A growth comparison would need figures restated on a consistent basis. The published report is useful evidence of the fund route’s activity, but provides neither an individual applicant’s probability of success nor a processing-time commitment.
Official sources
This article provides general information, not individual legal, tax or investment advice. Applicable rules and the competent authority’s assessment govern each case.