Our fund

Established businesses that are growing and require support for this expansion through Capital Equipment (which may include people, product, market development and process) and Expansionary Working Capital.

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New and Early Stage Start-up businesses that are in the development stage as well as fashion designers (driving broad based transformation) with less than 2 years operational activity.

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Groups of globally competitive companies coming together to build and improve capacity and demonstrate additionality in the manufacturing and related value chain of the clothing, textiles, footwear, leather, and leather goods sectors in South Africa to effectively supply their customers, for example, major retailers, government, and niche markets, both locally and internationally in a sustainable manner.

Is this you? Begin here.

To drive the increase in production output; transformation and sustainability in the sector.

Qualifying criteria:

Capital equipment as well as people, product, process and new market development improvement for interventions to a maximum of R20 million per applicant.

Grant portion:

• Initially 25% of funding as grant.
• At the end of the capital moratorium, on achieving approved targets set at application, a further 25% of the loan can be converted to a grant facility.

Structure:

• Interest free loan.
• Maximum term 5 years (including capital moratorium).
• Maximum capital moratorium 24 months.
• Subordination of loans to stabilise the balance sheet if required.

Security:

• Shareholder guarantees limited to exposure.

Working capital to support product localisation and company growth

Qualifying criteria:

• Brownfield and greenfield operations
• Order growth as a result of import replacement, new product development and / or organic order book growth
• Not limited to R-CTLF signatory off take agreements.
• To a maximum value of R10 million per applicant.

Grant portion:

• Not applicable.

Structure:

• Interest free loan.
• Maximum term 5 years (inc capital moratorium).
• Maximum capital moratorium 12 months.
• Subordination of loans to stabilise balance sheet if required.

Security:

• Shareholder guarantees limited to exposure.

To support early-stage start-up companies still in development stages and fashion designers to drive broad based transformation

Qualifying criteria:

• Early stage start-ups (up to a maximum period of 2 years)
• Qualifying expenditure to exclude pre-feasibility studies and related costs
• Capital equipment and working capital requirement.
• To a maximum of R5 million per applicant.

Grant portion:

• Women owned (50% plus 1), (all) youth and people with disabilities –75% grant.
• Black owned business (50% +1) -50% grant.

Structure:

• Interest free loan.
• Maximum term 5 years (incl. capital moratorium).
• Maximum capital moratorium 30 months).
• Subordination of loans to stabilise balance sheet if required.

Security:

• Shareholder guarantees limited to exposure.

To develop groups of globally competitive companies that would ensure a sustainable business environment able to retain and grow employment levels and support the vision and objectives of the Masterplan.

Qualifying criteria + maximum application value:

• Retail and non-retail led cluster (still demand driven.
• To a maximum of R20 million per applicant.

Grant portion:

• 70% grant (R20 million makes up the 70% grant portion).

Structure:

• 30% of the total funding requirement to be funded by own contribution.

Bid window:

• No window.