Critical Infrastructure Programme Incentive assistance for SMME’s…
The Critical Infrastructure Programme supports the following type of projects:
- Construction or provision of the infrastructure including but limited to testing machinery and equipment that enables the investor to undertake a defined fixed investment, or the expansion or sustain, refurbishment of the existing fixed investment.
- Construction or provision of infrastructure that enables the establishment of new or upgrading (revamping/resuscitating) infrastructure and fencing of state-owned industrial parks
- Infrastructure for renewable energy projects that are not under the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
- Construction or provision of infrastructure for investment that alleviates water and/or electricity dependency on the national grids. That is, investment that makes them less dependent on national supplies.
- Infrastructure development costs to distressed municipalities, state-owned Aerospace and Defence National Strategic Testing Facilities and state-owned industrial parks.
Grant Offerings
Applicant/s must submit a complete application at least 60 calendar days prior to commencement of infrastructure construction. If there is no response from the dti within 60 calendar days after submission of a complete application, applicant/s may continue to implement their plans but with an understanding that the dti’s approval may or may not be granted. The applicant should, however, notify the dti in writing of its intention to commence with the infrastructure construction before approval.
Reimbursement to approved applicants will be subject to submission of claims and their verification by the dti.
The programme offers a minimum grant of ten percent (10%) to a maximum of thirty percent (30%) of the total qualifying infrastructural development costs up to a maximum of fifty million rand (R50,000,000), based on achieved score in the Economic Benefit Criteria.
- For agro-processing applicants and state-owned Aerospace and Defence National Strategic Testing Facilities, the programme will offer a minimum grant of ten percent (10%) to a maximum of fifty percent (50%) of the total infrastructural development costs up to a maximum of fifty million rand (R50,000,000).
- For projects that alleviate water and/or electricity dependency on the national grid (Investment that is less dependent on national grid), the CIP will also offer a minimum grant of ten percent (10%) to a maximum of fifty percent (50%) up to a maximum of fifty million rand (R50,000,000).
- The grant percentage will be calculated based on the score achieved in the Economic Benefit Criteria.
Distressed municipalities and state-owned industrial parks
- The programme offers a maximum grant of up to hundred percent (100%), capped at fifty million rand (R50,000,000), for infrastructural developmental costs to distressed municipalities, and state-owned industrial parks. Applicants are encouraged to make a contribution according to their affordability.
- For projects to be considered for a grant of up to hundred percent (100%), applicants must submit a motivation to the adjudication committee and also demonstrate the following:
- That the municipality has inadequate revenue streams to provide for the critical infrastructural needs of the municipality, or
- That the Municipality is experiencing a decline in economic activity due to disinvestment in anchor manufacturing projects, mining activities resulting from the depletion of mineral resources or
- The programme supports Aerospace and Defence National Strategic Testing Facilities that only provide services within the mandate of the dti.
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 Critical Infrastructure Programme.