The Clothing, Textiles, Footwear and Leather Growth Programme
The Clothing, Textiles, Footwear and Leather Growth Programme, which is based upon the Retail-Clothing, Textile, Footwear and Leather (R-CTFL) Value Chain Masterplan, is broad in its scope and includes grants (capped at R5 million), and interest-free and concessional loans (capped at R10 million).
Entities in the following sectors may qualify for the Clothing, Textiles, Footwear and Leather Growth programme:
- Clothing and textile manufacturers including Cut, Make and Trim operators;
- Footwear manufacturers; and
- Leather goods manufacturers and leather processors (including producers of automotive leather).
An overview of the various schemes under the programme:
Capital Equipment Loan Interest Support
- Funding interest on new and used Capital Equipment loans provided by commercial lenders or interest-bearing shareholder loans. Interest support will be limited to the prime interest rate at the time of approval of the facility.
- Interest Subsidy
- Capped at R5 million
Capital Equipment Concessional Base Loan Support
- Support is available on capital equipment loans for factory expansions/workflow improvements of existing entities.
- Interest-free loan
- Capped at R10 million
People, Product, Process, Market Development Support in the form of concessional loans & partial grant support
- Providing concessional loans up to 100% of the cost of qualifying expenditure with a partial 40% grant. Priority will be given to entities owned by B-BBEE Act aligned entities, including women, youth and disabled people.
- Concessional loan & Partial Grant
- Capped at R3 million
Working Capital Loan Support
- Offering interest-free working capital concessional loans
- Interest-free loan
- Capped at R5 million
Capital Equipment Support in the form of concessional loans and partial grant support
- To support early-stage start-up companies still in the development stages, including fashion designers, to drive broad-based transformation.
- Interest-free loan & Partial Grant
- Capped at R3 million
Revolving Working Capital Loan Support
- To support entities aligned to the BBBEE Act: black women, black youth and disabled people who run their own enterprises, including fashion designers. Support is offered against secured orders from a reputable registered entity and/or retailer.
- Interest-Free Loan
- Capped at R2 million
Should you be interested in applying for the business grant, Dream Team Capital can assist you. Contact us today for professional assistance in streamlining your application for the Clothing, Textiles, Footwear and Leather Growth Programme.