Western Cape Entrepreneurs Invited to Funding Workshops | Western Cape Government

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Western Cape Entrepreneurs Invited to Funding Workshops

20 July 2016

Funding workshops for Western Cape entrepreneurs will kick off in the province next week.

Alan Winde, Minister of Economic Opportunities, said the Department of Economic Development and Tourism would host Investment Readiness workshops across the province. The workshops start in Cape Town on 28 July.

The Western Cape Government will be hosting sessions in the following regions:

  • Cape Town metro
  • Central Karoo
  • West Coast
  • Cape Winelands
  • Overberg
  • Eden District

Minister Winde was told by investors during the Western Cape Funding Fair that small businesses often lacked insights into packaging applications correctly to receive funding.

“Through these sessions, we want to assist small businesses to professionalise their funding applications so as to increase their success rate. Access to funding is a key challenge facing entrepreneurs and that is why we have launched this intervention.”

Areas of focus for the sessions include:

  • Forms of funding

  • Due diligence processes

  • Red flags at investment committee levels

  • Steps to improve investment readiness

  • Understand common requirements of funders

  • Insights into the language of funders

  • Structuring financial statements

“We are targeting small and medium enterprises which are considering sourcing investment, those who are actively looking for funding or have an early stage application in process.”

To meet the criteria to participate, businesses must have an average turnover of R 2 million per annum; have been operating for a minimum of 3 years and require minimum funding of R500 000.

Details on venues and dates in all regions will be released shortly.

For more information on the programme and to access application forms, please visit https://www.westerncape.gov.za/general-publication/investment-readiness-sessions-2016-17 or email Peter-Jon.Thebus@westerncape.gov.za or  Dealnawaaz.Ajmoodien@westerncape.gov.za


Media Enquiries: 

Bronwynne Jooste

Spokesperson: Alan Winde, Minister of Economic Opportunities

Responsible for Tourism, Economic Development and Agriculture

Western Cape Government

Tel: 021 483 3550

Cell: 060 970 4301

Email: bronwynne.jooste@westerncape.gov.za