Furniture Fund
Ref: GRT-NBZ6Z4UZ
Funding Available
R50 million
South Africa Wide
Manufacturing
Not specified
Business Growth
About This Grant
The Furniture Fund, a R50-million initiative approved by the Department of Trade, Industry and Competition (dtic), was entrusted to the National Empowerment Fund (NEF) to stimulate growth in South Africa’s furniture sector.
What Can It Fund?
- business expansion
- job creation
Eligible Costs
- -business loans
- -working capital
Expected Outcomes
Job Creation: The fund aims to create jobs in the furniture sector.
- economic growth
- increased competitiveness
Funding Source
Department of Trade, Industry and Competition (dtic)
Explore More
Similar Grants
Business Infrastructure Support Programme
No content available
Small Enterprise Manufacturing Support Programme
The purpose of the Small Enterprise Manufacturing Support Programme is: To build a manufacturing sector for an improved industrial base (productive economy) through a focused import replacement programme; and Build the industrial base for both the domestic market and external market (in particular, the African Union market). The programme aims to contribute to South Africa’s localization strategy by supporting manufacturing enterprises to: Increase the relative contribution of manufacturing to GDP; Grow manufacturing employment targets; Change the structure of manufacturing to high tech manufacturing; Increase labour productivity’ and Drive import replacement through locally manufactured goods increase exports in manufactured goods. Light Consumer Goods: Food and Beverages/ agro-processing; Clothing, leather and textiles; Petroleum and chemical products; and Furniture and other manufacturing. Hi-Tech Manufacturing: Electrical machinery; Green technology/ Digital Technology- 3D; and printing, etc. Revitalize Industrial Production: Basic Iron and Steel. Scope of the programme: Furniture manufacturing – Furniture manufacturers, including coffin makers; Basic iron, metal and steel manufacturing – Manufacturers and suppliers of iron and steel products; Petroleum and chemical manufacturing – Manufacturers of sanitisers, disinfectants, recycling, paints, oils, hair & skin products, and related products; Food and Beverages manufacturing – Agro-processors of primary agricultural products including beverages sourced from small-scale farmers; Clothing, leather and textiles – The makers of shoes, linen, garments including pattern makers, designers, tannery and fabric manufacturers amongst others; Electrical machinery manufacturing – Manufacturers of transformers, electric generators, electric motors, high voltage engineering, and power electronics; and Green Technology/ Digital Technology – Makers of PV panels, clean coal technology,3D printing.
Co-Operatives Development Support Programme (CDSP)
No content available