The Manufacturing Competitiveness Enhancement Programme grant provides a rebate for the purchase of machinery, tools, equipment, cleaner energy, new product marketing, production efficiency and most other projects related to increasing the competitiveness of manufacturing companies in South Africa across almost all sectors. This includes investment into software as well as processes and projects related to manufacturing. Companies that provide services to manufacturing companies may also apply. These include consultants, engineers and service providers that consult to the manufacturing industry.
This Programmes dual objective is to assist local manufactures to improve enterprise competitiveness and stimulate job retention and creation.
Going forward, Business Grants and Dream Team Capital can play an even more important role in the co-ordination, integration and reporting on the consolidated performance of the various fragmented energy efficiency initiatives in the country. Contact us today for professional assistance in streamlining your application for the Manufacturing Competitiveness Enhancement Programme.
The Programme is made up of 2 sub-program’s:
- Production Incentive (PI) managed by the dti under the IDAD
- Working Capital Facility Loan & Niche Policy Project Fund managed by the IDC