SMME Enterprise Programme Support

GET YOUR COMPANY PLUGGED IN

DESTEA is inviting applications from SMMEs and Cooperatives across the Free State Province for funding. The department has designed the following funding incentives to suit the needs of various enterprises:

1. Enterprise Development and Support Incentive: Targeted at start-up enterprises; with the  aim  to provide enterprises with equipment and/or upgrade of business premises to support the business operations
2. Risk-Sharing Incentive: This scheme is targeted at medium to large enterprises and is aimed at providing co-funding contribution on behalf of the applicant in order the minimise the applicant’s risk and thus unlocking access to funding from developmental funding institutions or commercial banks

Applications should preferably be from the following priority sectors as outlined in the Free State Growth and Development Strategy (FSGDS):

• Agro-processing
• Mining,
• Transport,
• Manufacturing (including textiles)
• Tourism
• ICT

The applications should be submitted together with the following supporting documents:

1. Application Letter
2. Business Proposal
3. Bankable business plan (it must be able to leverage additional funding from client funding institutions in case of Risk-Sharing incentive).
4. Recent financial statement for existing business.
5. Quotations for required equipment upgrades or machinery, where applicable.
6. Off-take agreements and contracts where applicable.
7. Relevant and updated regulatory and sector compliance documents including the following should be submitted;
8. ID copies
9. CIPC Details: Company registration documents
10. SARS: Tax Clearance Certificate

For further enquiries and submission of applications, please contact the following people:                                                          

Applications are open from 17 April to 28 September 2018.