Application for Support from the Small Medium Enterprise Development Programme (SMEDP)
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DESCRIPTION: |
The SMEDP is a cash grant incentive scheme which offers assistance to tourism-related enterprises in South Africa. Assistance is provided to either new or expansion projects. The following are examples of projects that are eligible:- Businesses classified as providers of short-term accommodation e.g. hotels, bed and breakfast, lodges and chalets.
- Tour operators that are solely serving tourists.
- Business that have funicular or private railways, aerial cableways, water transportation vehicles on dams, lakes and others.
Benefits of the incentive scheme include:- A tax-free cash grant for two years based on the cost of the investment in buildings, furniture, equipment and vehicles.
- Additional cash grant for the third year to enterprises provided that the ratio of the Human Resource Remuneration, expressed in terms of operational cost, is a minimum of 30%.
- A maximum incentive of R3 050 000 per annum, for enterprises with an investment in buildings, furniture, equipment and vehicles.
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INSTRUCTIONS: |
Obtain an information brochure and application form from the Department of Trade and Industry (DTI) and then submit it to the DTI for evaluation.For further details please contact:
Tel: 012 310 1288 / 1279
Fax: 012 322 0115 / 0011
enterprise@dti.pwv.gov.za |
PROVIDED BY:
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The content on this page was last updated on 24 December 2003
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