FINANCIAL SOLUTIONS
SAFI members can explore a range of financial assistance opportunities tailored to support and empower businesses within the furniture industry. From funding opportunities to financial advisory services, this section provides valuable resources to help members navigate financial challenges, access capital for growth initiatives, and optimise their financial management strategies.
AGRO-PROCESSING SUPPORT SCHEME (APSS)
Department of Trade, Industry and Competition (the dtic) – September 2022
The objective of the APSS is, inter alia, to stimulate investment by South African furniture manufacturers to achieve:
- Increased capacity
- Modernised machinery and equipment
- Broadening participation
- Employment creation
- Competitiveness and productivity improvement
The scheme offers a reimbursable grant of between twenty percent (20%) up to a thirty percent (30%) cost sharing grant to a maximum of Twenty million rand (R20 million) over a two (2) year investment period, with the last claim to be submitted within six (6) months after the final approved milestone.
the dtic may consider an additional 10% grant for projects that meet certain Economic Benefit Criteria.
The APSS offers support on a cost-sharing basis towards:
- New machinery and equipment
- Commercial vehicles
Buildings - Competitiveness improvement costs
Please click on the link below to view the:
- Interpretation notes
- APSS Guidelines
- Terms and Conditions
- APSS Application Form
& Annexure - Financial statements format requirements
- Required documents for claims