All about Applying for Government Funding for Business in South Africa
This page contains all about Applying for Government Funding for Business in South Africa. The dti provides financial support to qualifying companies in various sectors of the economy. Financial support is offered for various economic activities, including manufacturing, business competitiveness, export development and market access, as well as foreign direct investment.
What are the Government Funding Criteria in South Africa
There are no generic funding criteria which apply to all types of businesses. The government has set different criteria for different business initiatives. Below, you will see different government schemes with its own criteria.
SA Government will fund you if you are involved in the following types of business
The Agro-Processing Support Scheme (APSS)
The Agro-Processing Support Scheme (APSS) aims to stimulate investment by the South African agro-processing / beneficiation (agri-business) enterprises. The investment should demonstrate that it will achieve some of the following:
- Increased capacity,
- employment creation,
- modernised machinery and equipment,
- competitiveness and productivity improvement and broadening participation.
The Aquaculture Development and Enhancement Programme (ADEP) is an incentive programme available to South African registered entities engaged in primary, secondary and ancillary aquaculture activities in both marine and freshwater classified under SIC 132 (fish hatcheries and fish farms) and SIC 301 and 3012 (production, processing and preserving of aquaculture fish). The grant is provided directly to approved applications for new, upgrading or expansion projects. Read more
Aquaculture Development and Enhancement Programme (ADEP)
The programme offers a reimbursable cost-sharing grant of up to a maximum of R30 million qualifying costs in machinery and equipment; bulk infrastructure; owned land and/or buildings; leasehold improvements; and competitiveness improvement activities as outlined in section 8 of the ADEP guidelines.
The Automotive Investment Scheme (AIS)
The Automotive Investment Scheme (AIS) is an incentive designed to grow and develop the automotive sector through investment in new and/ or replacement models and components that will increase plant production volumes, sustain employment and/ or strengthen the automotive value chain.
Global Business Services Incentive (GBS)
The primary objective of the incentive is to create employment in South Africa through servicing offshore activities. The secondary objectives of the programme are to:
- Create employment opportunities for the youth (age 18-34 years); and
- Contribute to the country’s export revenue from offshoring services.
Clothing and Textiles Competitiveness Programme (CTCP)
The Clothing and Textiles Competitiveness Programme (CTCP) is a programme of the Department of Trade and Industry (the dti’s) and forms a core part of the implementation of the Customised Sector Programme (CSP’s) for the Clothing, Textiles, Footwear, Leather & Leather Goods Industries. The CTCP’s main objective is to assist industry in upgrading equipment, process, products and people, re-positioning South Africa to compete effectively against other low cost producing countries.
For more Government Schemes, click here