Strategic Partnership Programme (SPP)
A cost-sharing incentive of up to R45 million for corporates to support their supplier development initiatives.
The corporate must support at least 5 SME beneficiaries and the project can run over 1 – 3 years.
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Funder & Type of Funding:
- The Dtic
- Grant Fund (rebate)
Funds Available:
- Up to R45 million on a cost sharing basis
- Capped at R15 million per year over 3 years
- 50% of qualifying costs (manufacturing projects)
- 30% of qualifying costs (projects that support manufacturing supply chain related services)
Qualifying Costs:
- Machinery, equipment and tools
- Infrastructure linked to the supplied development initiative
- Product or service development
- ICT
- Operational costs
- Business development (limited)
Requirements:
- B-BBEE Level 1-8
- Minimum turnover of R100 million for at least 2 years
- 60% of SMEs supported must be at least 51% black owned
- Provide a market access plan for the SMEs supported
- 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 models)
- Application facilitation and management
- Claim preparation, submission, facilitation and drawdown