TOWNSHIP ECONOMY PARTNERSHIP FUND (TEPF)
CALL FOR APPLICATIONS!
The Township Economy Partnership Fund (TEPF) is a partnership between the Gauteng Department of Economic Development (GDED), the Gauteng Enterprise Propeller (GEP) and the Industrial Development Corporation (IDC). The fund supports SMMEs in the township economy of Gauteng in sectors that include (but not limited to) Manufacturing. the Taxi Economy, ICT, Backyard Real Estate upgrading and Retail.
THE IDC AND THE GEP INVITE SMMEs AND INFORMAL TRADERS IN GAUTENG TOWNSHIP ECONOMY TO APPLY FOR FINANCIAL SUPPORT UP TO R10m. AVAILABLE SUPPORT INCLUDES LOANS, AND BLENDED FINANCE (COMBINATION OF GRANT AND LOAN)
QUALIFYING CRITERIA
To qualify, an SMME:
- must operate in Gauteng and have its head office in Gauteng
- be 100% South African owned
- be trading for over a year
- be registered with CIPC and compliant with SARS
Informal traders must:
- have a valid South African identity document and be 100% SA owned
- operate in Gauteng
- submit bank statements to prove history of operations
- have an original and valid trading permit
THE APPLICATION MUST BE ACCOMPANIED BY:
- certified identity document – copies of directors/members
- business profile
- 3 months bank statements and management accounts
- FICA documents (e.g. Municipal accounts, letter from traditional authority)
- 6 months cashflow projections
- management accounts after investment If applicable (assistance available)
- business plan
- other type of documents may be required depending on the nature of the application
How to apply? Businesses can apply on www.gep.co.za using the GEP online application system
For enquiries, please send an email to [email protected]
This is an open-ended invitation with no closing date. Funds are available on a first-come, first-served basis for those who qualify until the funds are exhausted.
Author: Derrick Markotter
RCCI Webmaster Derrick runs a boutique web marketing agency, IdealMedia Marketing.