Township Economy Partnership -TEP Fund Application Form, How to Apply, Application process, Requirements, Eligibility, And Application Closing Date.
The IDC and the GEP invites SMMEs and informal traders in gauteng township economy to apply for financial support up to R10m. See details below…
Available support includes loans and blended finance (combination of grants and loan).
Township Economy Partnership -TEP Fund
The Township Economy Partnership Fund -TEPF is a partnership between the Gauteng Department of Economic Development (GDED), the Gauteng Enterprise Propeller (GEP) and the Industrial Development Corporation (IDC). The fund supports SMMEs in the township economy of Gauteng in sectors that include (but not limited to) Manufacturing, The Taxi Economy, ICT, Backyard Real Estate upgrading and retail.
The TEP is a fund aimed at supporting vulnerable township small businesses that are unable to access funding from private funding institutions, government, and other business support programmes.
TEP Fund qualification
To qualify for the SMME, Co-operative Or Start Up:
- Applicant must operate in Gauteng and have its head office in Gauteng
- be 100% South African owned
- be trading for over a year
- be registered with CIPC and be compliant with SARS
Informal traders qualifications
- Have a valid South African identity document.
- Operate in Gauteng.
- 100% ownership by a South African citizen.
- Provide bank statements to prove operations.
- Provide an original and valid trading permit (only permits or licenses issued by the municipality will be accepted, councillor letters are not valid); and
- be registered and compliant with Companies and Intellectual Property Commission and the South African Revenue Service (assistance available if not registered or compliant yet).
To apply, SMMEs must submit the following:
- Certified identity document copies of directors/members.
- Business Profile.
- 3 Months Bank Statements and management accounts.
- FICA documents (e.g., Municipal accounts, letter from traditional authority).
- 6 Months Cashflow Projections – where applicable.
- Management Accounts after investment if applicable (assistance available).
- Other type of documents may be required depending on the nature of the application
- Informal traders must provide an original and valid trading permit (only permits or licenses issued by the municipality will be accepted, councillor letters are not valid); and be registered and compliant with Companies and Intellectual Property Commission and the South African Revenue Service (assistance available if not registered or compliant yet).
Township Economy Partnership -TEP Fund Application Form and How to Apply For TEP Fund
Applications must be done online via gep.co.za using the GEP online application system
Applying for a loan, bursary or scholarship does not guarantee you will get it as we deal with large number of applicants that exceed the funds that are available. Make sure you plan your applications well in advance. Late and incomplete application forms will not be considered. Applicants are urged to attach all the necessary documents as stated in the application form
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For More Inquiries, please, kindly drop a comment below We will respond to you ASAP. Or, see through the application form via the link below.
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