What is the Capital Projects Feasibility Programme (CPFP)?
The Capital Projects Feasibility Programme (CPFP) is a cost-sharing grant that contributes to the cost of feasibility studies likely to lead to projects that will increase local exports and stimulate the market for South African capital goods and services.
Objectives
The primary objectives of the programme is to facilitate feasibility studies that are likely to lead to high-impact projects which will stimulate value-adding economic activities in South Africa as this will have greater impact on the country’s industrial policy objectives.
The secondary objectives of the programme include:
- Attracting high levels of domestic and foreign investments;
- Strengthening international competitiveness of South African capital goods sector and allied industries;
- Creating sustainable jobs in South Africa;
- Creating a long-term demand for South African capital goods and services;
- Stimulating project development in Africa and in particular the Southern African Development Community (SADC) countries as well as support for the objectives of the New Partnership for Africa’s Development (Nepad);
- Stimulating upstream and downstream linkages with SMMEs and BEE companies.
The grant is capped at R8 million to a maximum of 50% of the total costs of the feasibility study for projects outside Africa and 55% of the total costs of the feasibility study for projects in Africa.
Benefits of the Capital Projects Feasibility Programme
- The beneficiaries are South African registered companies conducting feasibility studies on projects outside SA, whether new, expansions or rehabilitation of existing projects.
- The grant is capped at R8 million to a maximum of 50% of the total costs of the feasibility study for projects outside Africa and 55% of the total costs of the feasibility study for projects in Africa.
- Depending on the nature of the proposed project, a period of more or less 18 months may be allowed for funds to be sourced for the project.
