Ensure Your Successful Grant Application with Weibold! – Programmes in South Africa for the Manufacturing Sector

 

The Department of Trade and Industry (the dti) of South Africa is currently offering two grant programs to the manufacturing sector – the Manufacturing Competitiveness Enhancement Programme (MCEP) and the Capital Projects Feasibility Programme (CPFP).

Weibold! can help interested businesses and private investors by developing the pre-feasibility or the feasibility studies required for a successful application.

 dti(P)

  1. Manufacturing Competitiveness Enhancement Programme (MCEP)

The objective of the programme is to facilitate feasibility studies that are likely to lead to bankable business/project plans, which will result in investment in new components or products or processes not currently manufactured or performed by the applicant or in the creation of markets that will lead to a substantial increase in the manufactured products of the applicant.

The expected investment project to result from the feasibility study should have a minimum value of R30 million.

The feasibility study component of MCEP offers a cost-sharing grant of 50% or 70% of the cost of the feasibility study, to be payable according to expected milestones. The cost-sharing grant percentage will be differentiated by enterprise size as follows:

  • Applicants with total assets with a historical cost below R30 million may qualify for a grant of 70% of the cost of the feasibility study; and
  • Applicants with total assets with a historical cost of at least R30 million may qualify for a grant of 50% of the cost of the study.

Applicants should submit a pre-feasibility study report in the prescribed format, confirming that the expected project minimum investment will be at least R30 million.

The maximum grant for feasibility studies will be capped at R7.5 million.

The grant is provided directly to approved applicants based on actual qualifying costs incurred and subject to jobs being retained.

Projects already receiving Government incentives for feasibility studies will not qualify for the MCEP feasibility study grant.

Weibold! can help anyone who might be interested in applying to this program with the development of a pre-feasibility study for the application.

 

  1. Capital Projects Feasibility Programme (CPFP)

The CPFP is a cost-sharing grant that contributes to the cost of feasibility studies likely to lead to projects that will increase local exports and stimulate the market for South African capital goods and services. The programme’s contribution is in the form of a grant of up to 50% of the feasibility study costs for projects outside Africa and 55% for projects in Africa.

The primary objective of the programme is to facilitate feasibility studies that are likely to lead to high-impact projects which will stimulate value-adding economic activities in South Africa as this will have greater impact on the country’s industrial policy objectives.

Beneficiaries are South African registered companies conducting feasibility studies on projects outside SA, whether new, expansions or rehabilitation of existing projects.

The grant can range between R100 000 and R5 million.

Weibold! can help anyone who might be interested in applying to this program with the development of a pre-feasibility study for the application.

For more information on the programs:

MCEP: https://www.thedti.gov.za/financial_assistance/financial_incentive.jsp?id=53&subthemeid=25

CPFP: https://www.thedti.gov.za/financial_assistance/financial_incentive.jsp?id=4&subthemeid=26

Or contact us here.

 

 

 

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