Western Cape launched the 2023 SMME Booster Fund

The Department of Economic Development and Tourism is excited to announce that it has launched the 2023 iteration of its successful Small, Medium and Micro Enterprise (SMME) Booster Fund.

PICTURE: Garden Route Municiplaity

Western Cape Finance and Economic Opportunities MEC, Mireille Wenger said SMMEs are the backbone of the economy, contributing significantly to both economic growth and job creation in the Western Cape.  The SMME Booster Fund assisted 860 SMMEs, by sustaining 4 977 jobs.

“The SMME Booster Fund provides support to interventions, which include projects and programmes, implemented by organisations and/or municipalities that aim to support SMMEs based in the Western Cape.”

The Fund utilises a co-funding implementation model, which encourages collaborations, and will focus only on the technical support aspect of the project and/or programme.

The rollout of other aspects such as training, mentoring, coaching, and access to market interventions will be funded by the organisation applying for funding.

MEC Wenger added that the Western Cape Government takes the role in creating an enabling environment for SMMEs to thrive.

Applications will close on 11 July 2023 at midnight and all information on how to apply as well as the relevant documents can be found on https://www.westerncape.gov.za/general-publication/smme-booster-fund-2023.

 

Done by: Esona Mfazwe