The Sector Specific Assistance Scheme is a scheme that compensates for costs in respect of the approved activities aimed at the development of South African emerging exporters through events. This incentive provides financial support for physical and digital events participation by qualifying emerging exporters.
Organisations supported under Sector Specific Assistance Scheme include Export Councils, Joint Action Groups, SEDA, Provincial Investment and Economic Development Agencies, Industry Associations and those involved development of emerging exporters.
The scheme comprises three sub-programmes, namely:
- Generic Funding
- Project Funding
- Project Funding for the Emerging Exporters
The Objectives of the Sector Specific Assistance Scheme
- Developing emerging exporters
- Introducing emerging exporters to new markets
- Stimulating job creation through increased exports
- Broadening the export base of local suppliers
- Proposing solutions to factors inhibiting export growth
- Promote broader participation of historically disadvantaged individuals (HDIs) and Small Medium and Micro Enterprises (SMMEs) to the economy, with a specific focus on women, youth and majority owned enterprises by people with disability.
Non-profit business sector organisations, such as Export Councils, Joint Action Groups and industry associations.
Qualifying sectors are as follows:
- Aerospace, rail and marine
- Agro-processing
- Automotive
- Business Process Outsourcing services
- Capital equipment and allied services
- Chemical and allied industries
- Creative industries
- Electro-technical
- Film production
- Metals and allied industries
- Pre-qualified ICT services
- Pre-qualified tourism services
- Textiles and clothing
Benefits
Generic Funding – R50 000 grant for establishing export council.
Grant for marketing, advertising and publicity costs on a 2:1 basis, to a maximum of R1m.
Project Funding – 80:20 cost-sharing grant for projects to develop particular sectors, find new export markets and promote black SMMEs, women, youth and people with disabilities.
Project Funding for Emerging Exporters – Travel & accommodation, exhibition costs, transport of samples and marketing materials, to a maximum of R1.5 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 Sector Specific Assistance Scheme.
