About the scheme
The BBSDP is a 80:20 cost-sharing grant, which offers support to black-owned enterprises in South Africa, whereby the dti contributes 80% of the cost of a project and the approved applicant 20%. and on machinery and equipment on a 50:50 cost-sharing basis. The scheme provides such companies with access to business development services that assist them to improve their core competencies upgrade managerial capabilities and restructure their processes to become more competitive.
Objectives of the incentive scheme
To fast track existing SMMEs that exhibit good potential for growth into the mainstream economy
To grow black-owned enterprises by fostering linkages between black SMMEs and the corporate and public sector enterprises.
To complement current affirmative procurement and outsourcing initiatives of corporate and public sector enterprises
To enhence the capacity of grant recipient enterprises to successfully compete for corporate and public sector tenders and outsourcing opportunities
Qualifying criteria of the incentive scheme
Enterprises that are majority black owned (fifty plus one share) and have a significant representation of black managers on their management team.
Enterprises with a maximum annual turnover of R12 million per annum
A key criterion for eligibility is that the enterprise must have a minimum trading history of one year.
If the enterprise is registered for less than a year, but has been operating previously, the following proof must be submitted: (registration with local municipality and VAT registration) or invoices to confirm trade activity.
Enterprises accessing the scheme must also comply with commercial regulatory requirements applicable to their areas of business, e.g. registration with CIPRO and SARS
Copyrights © 2013 | BBSDP Grants
All Rights Reserved
Download Documents Here
1. Application Form - Download
2. Domicilium - Download
3. Declaration - Download
4. Intervention List - Download
5. BBSDP Overview - Download
5. Requirements - Download
An Accredited DTI National
084 064 5291 / 072 170 3168