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 MuniciplaityWestern 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
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