2. Black Business Supplier Development Programme (BBSDP)
The DTI offers non-repayable grants of up to R1 million to ensure your business can boost its competitive edge and its sustainability. The aims of these business grants are to expand existing businesses as well as employ additional people.
Be aware: These business grants do not assist start-ups
The R1 million grants are divided into R800 000 specifically for tools, machinery and equipment. The outstanding R200 000 is then used specifically for business development and training. In order to improve:
- Business corporate governance
- Management
- Marketing
- Productivity
- Use of modern technology
6 Points you need to qualify for these grants:
- CIPC registered company or cc
- 50.1% or more black owned (Black, Indian or Coloured)
- Management team is 50% Black
- Must have been trading for at least one year and have financial statements to prove turnover
- Turnover must be between R250 000 and R35 million per annum
- Must have valid SARS tax clearance and IRT14 SARS document.
Document checklist for these grants:
- CIPC Company registration documents (proof of ownership and shareholding)
- Certified ID of all Directors/ members
- Certified ID of all managers/ staff to be trained (if applicable)
- Certified financial statements for latest financial year (three years if available)
- Management accounts for current year
- Valid SARS tax clearance (with 3 months to expiry or get a new one)
- VAT registration document (where applicable)
- IRT 14 document from SARS. (matching turnover as per latest financials)
- 3 Months bank statements
- 3 Quotations (comparable) for every intervention
- Declaration appointing Graphit as the consultant.
- Company diagnostic questionnaire and application typed on template supplied by Graphit. Please send back as a Word Document
- Domicilium form
- Bank confirmation of your 50% contribution (Will you be able to get finance for your 50% or 20% contribution.) (Clear credit record)
Contact information
- Alan:Mobile 071 551 2108 or email:alan@bbsdp.co.za
- Justin:Mobile 072 727 7824 or email: graphitkzn@gmail.co.za
- Please find more information here.