Application for Support from the Small Medium Enterprise Development Programme (SMEDP)

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.

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:

GOVERNMENT BODY:	Department of Trade and Industry (The Government of South Africa)

GOVERNMENT BODY:

Department of Trade and Industry (The Government of South Africa)

The content on this page was last updated on 24 December 2003

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