7. Capital Projects Feasibility Programme (CPFP)
Government funding and grants like this one was created as cost-sharing business grants. The objective is that it will contribute to the cost of feasibility studies which will become projects that will boost local exports and stimulate the market for South African capital goods and services.
Business grants that are R8 million cover a maximum of:
- 50% of the cost of the feasibility study for projects outside Africa
- 55% of the cost of the feasibility study for projects within Africa.
Must be a South African registered legal entity or partners with a South African registered entity.
Studies which have non-financial criteria:
- New projects, expansion of existing projects and the rehabilitation of existing projects.
- The programme that is anticipated to emerge from the feasibility study must fulfil the objectives of the programme.
- The minimum local content should be 50% for goods and 70% for professional services
- Projects can be situated anywhere in the world ( excluding South Africa)
- The project must have a satisfactory chance of being declared a success.
Evaluation criteria which are motivational factors, the project must have:
- A positive impact on developmental aspects like job creation, skills development, linkages with small, medium and micro enterprises etc.
- A minimum of 10% of the total professional services involved during the feasibility study should be sub-contracted to South African black-owned professionals/entities
- A clear detailed time period from which the project stemming from the feasibility study will be realised
- Funding from private and public sector organisations to realise the project.