Manufacturing Support Programme (MSP)
Manufacturers are eligible for up to R10 million in grant funding on a cost sharing basis with the Dtic.
The fund is available to South African registered entities engaged in manufacturing.
Funder & Type of Funding:
- The Dtic
- Grant Fund (rebate)
Funds Available:
- Up to R10 million on a cost sharing basis
- 20% of qualifying costs
- 30% of qualifying costs for entities that are majority (51%+) owned and controlled by women/youth/persons with disabilities
Qualifying Projects:
- New (start-up) manufacturing projects
- Upgrade or expansion of existing manufacturing concerns
Qualifying Costs:
- Machinery and equipment
- Tools, Jogs and Dies
- Raw materials for export product (maximum grant of R500,000)
- Commercial vehicles (maximum grant of R1 million)
- Buildings (maximum grant of R1 million)
- Competitive improvement costs
Requirements:
- South African registered entity
- Minimum Level 4 B-BBEE contributor status
- 50% of inputs with be sourced from SA producers and 10% of inputs from Black SA producers
- Proof of market
- Confirmation of “matched” funding – required for the portion not funded by the grant
How We Help You:
- Develop, prepare and submit applications (including bankable business plan and financial model)
- Application facilitation and management
- Claim preparation, submission, facilitation and drawdown