South Africa: Free State Economic, Small Business Development, Tourism and Environmental Affairs On Deadline for Industrialization Support Incentive

On May 28, 2021, MEC Makalo Mohale launched the Industrialization Support Incentives aimed at assisting industrialists in the Free State. The incentives are part of an economic transformation strategy to resuscitate and revitalize the provincial economy while ensuring job retention and job creation. The incentives are divided into three (3) categories:

Established Manufacturers Incentive: To provide established enterprises involved in manufacturing and industrialisation with factory space rental subsidies (R 2million max. per applicant).

Emerging Manufacturers Incentive: To provide enterprises at the incubation or start up stage, who are in manufacturing and industrialisation, with factory rental subsidies (R 1million max. per applicant).

Informal Manufacturers Incentive: To provide informal/unregistered manufacturers with factory space rental subsidies, and set-up costs grants to support manufacturing and industrialisation operations (R 300k max. per applicant).

Applications were open from May 31 – June 15, 2021 and applicants were encouraged to apply ONLINE on the Department’s website. The department has since received requests for extension to accommodate applicants who have been working on their compliance. Applications will therefore remain open ONLINE till midnight on June 18, 2021 (Friday).

To qualify, applicants should provide the following;

Bankable business plan

CIPC Registration

South African citizenship

Free State resident

Central Supplier Database (CSD) registered

Valid Tax Clearance

Licencing (Business Act no 7 of 1991), where applicable

Business Plan or Proposal

Financial Statements (12 month’s bank statements)

Business must be operational for at least 12 months

BBEEE Status Level 1 Contributor

Procure locally manufactured products from other SA SMMEs

Demonstrate ability to produce own products

All qualifying applicants are encouraged to apply online on the Department’s website using the following link:

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Africa