Below is a list of the special funding schemes administered by the IDC:

 

FUNDPURPOSEFUND SIZEFUND INCEPTIONAmount approved since inception of Fund until 31 March 2015
UNEMPLOYMENT INSURANCE FUND Assist companies that save or create jobs at a cost per job of less than or equal to R450 000 per job R4bn 01/05/2010 R3.96bn
GRO-E Assist companies that create jobs at a cost per job of less than or equal to R500 000 per job. R9bn 01/04/2011 R4bn
GRO-E YOUTH Assist youth-owned companies that create jobs at a cost per job of less than or equal to R500 000 per job R1bn 04/01/2013 R46m
WOMEN ENTREPRENEURIAL FUND Assist female entrepreneurs to start or expand their businesses R300m 01/02/2008 R109m
PEOPLE WITH DISABILITY FUND Assist entrepreneurs with disabilities to start or expand their businesses or to acquire businesses R50m 01/02/2008 R11m
DEVELOPMENT FUND Assist workers to acquire meaningful stakes in IDC-funded transactions R350m 01/02/2008 R282m
COMMUNITY FUND Assist marginalised poor communities to acquire meaningful stakes in IDC-funded transactions R150m 01/02/2008 R48m
EQUITY CONTRIBUTION FUND Assist new entrant black entrepreneurs with their equity contributions wrt IDC-funding requirements R150m 01/02/2008 R103m
RISK CAPITAL FACILITY Assisting with equity type funding to BEESMEs that creates jobs. R841m 05/03/2002 R822m
*SUPPORT PROGRAMME FOR INDUSTRIAL INNOVATION To fund the development of new technologies for the SA economy Variable annual budget   R1.15bn

PRODUCT PROCESS
DEVELOPMENT (PPD)

Focused on SMMEs Variable annual budget 01/01/2005 R165.2m

MATCHING SCHEME
(MS)

Focused on medium-sized and large companies Variable annual budget 04/01/1993 R737.6m

PARTNERSHIP SCHEME
(PII)

Focused on large projects and large companies Variable annual budget 10/01/1999 R251m
TECHNOLOGY VENTURE CAPITAL Commercialisation of innovative products, processes and technologies R130m 01/04/2012 R94m


* As of 1 April 2015 the investing portion of the programme was transferred to the dti and no allocation was received for the financial year under consideration.

 

 

 

FUNDPURPOSEFUND SIZEFUND INCEPTIONAmount approved since inception of Fund until 31 March 2015
MANUFACTURING COMPETITVENESS ENHANCEMENT PROGRAMME   R990m 09/01/2012  

MANUFACTURING
COMPETITIVENESS
ENHANCEMENT
PROGRAMME –
WORKING CAPITAL
FUND

To assist manufacturers under SIC 3 to access more affordable working capital facilities R840m   R840m

MANUFACTURING
COMPETITIVENESS
ENHANCEMENT
PROGRAMME – NICHE
FUND

To stimulate new or underdeveloped manufacturing sectors R150m   R150m
GREEN ENERGY EFFCIENCY FUND Stimulate energy efficiency and renewable energy investments in commercial and industrial sectors R623m 02/03/2011 R623m
AFD FUND Stimulate small scale Power Purchase Agreement-based renewable energy and greenfield energy efficiency investments in commercial and industrial sectors R400m 27/06/2012 R400m
PRO-FORESTRY SCHEME Support new afforestation and transformation projects in the forestry sector R200m 01/07/2008 R111m
AGRO-PROCESSING LINKAGES SCHEME Agro-processing and rural development by linking established agro-processors with resource-poor farmers R100m 01/03/2011 R28m
AGRO-PROCESSING COMPETITIVENESS FUND Facilitate increased competition, growth and development in agro-processing sector; through provision of finance to nondominant players R250m 07/01/2012 R212.4m
CLOTHING,TEXTILES, LEATHER AND FOOTWEAR SCHEME To fund local players to upgrade their P/E to become globally competitive R750m 08/09/2008 R564m
CLOTHING AND TEXTILES COMPETIVENESS PROGRAMME (CTCP)

To improve the overall competitiveness of the local clothing, textiles, footwear, leather and leather goods manufacturing industries

R6.6bn   R3.77bn

COMPETITIVENESS
IMPROVEMENT
PROGRAMME (CIP)

Improve product, processes and people on a cluster basis R883m 04/01/2009 R712m

PRODUCTION
INCENTIVE
PROGRAMME (PIP)

Funding provided to individual companies for plant and equipment upgrade as well as improvement of product, processes and people R5.75bn 04/01/2010 R3,1bn
GOLD FINANCING SCHEME Assist gold jewellery manufacturers with working capital (gold) finance R100m 13/2/2014 R0