What is TREP
The Township and Rural Enterprise Programme (“TREP”) was approved in July 2020 to provide financial assistance to businesses in townships and rural/village areas. It aims to participate in rebuilding and restructuring the township and rural economy, improve quality and competitiveness. TREP offers blended finance in the form of up to 50% grant (limited to a maximum of R100k) of the total approved amount.
Support:
Covers:
- Cost of production inputs, e.g., material, equipment, machinery, tools, etc.
- Working capital including salaries, rent, etc.
- Assistance with compliance and technical skills improvement, e.g., labelling, industry standards, and quality, etc
- Business and financial management training, including productivity management
- Facilitated market access
Sectors:
The Scheme supports all small enterprises operating in townships and rural areas that meet the qualifying criteria including but not limited to the following sectors:
- Clothing & Textile
- Bakeries & Confectionaries
- Tshisanyama and Cooked Food
- Retail (including restaurants, car washes, general dealers etc).
- Automotive
- Personal Care
- Artisans
- Other business in township/rural areas
Financial Support:
The financial package is structured at a maximum value of R1 000 000 that consist of:
- Maximum of R1 000 000 towards working capital, cost of equipment, or any other CAPEX (paid directly to the supplier where applicable)
- The financial package will be offered in the form of a blended finance with 50% of the total approved amount being a Grant i.e., a maximum grant amount of R100 000.
Example – 1: Total funding applied for R100 000 = R50k loan and R50k grant
Example – 2: Total funding applied for R150 000 = R75k loan and R75k grant
Example – 3: Total funding applied for R250 000 = R150k loan and R100k grant
Example – 4: Total funding applied for R1 000 000 = R900k loan and R100k grant
Loan Repayment Terms
- Maximum 36 months repayment period dependent on cashflows.
- Interest rate at a fixed rate of 5%.
- 3 months moratorium (on capital and interest)
Who Can Apply:
- An entity registered with CIPC including cooperatives;
- The business must be 100% owned by South African nationals;
- 70% South Africans employee, and in the case of non-South African employees – they must hold valid work permits as determined by the Department of Home Affairs;
- Township or rural businesses;
- The enterprise or its owner must possess or willing apply for a business license after the funding has been provided, with the local municipality;
- The enterprise must be registered or must apply for registration with SARS and UIF; and
To help SME’s understand the requirements to qualify, we have assigned a relevant partner to you can book a session with.
Book Your Free Session Below !!!
SAEE Intervention:
SA Entrepreneurship Empowerment will intervene by coordinating and overseeing the logistics of the session, including scheduling, venue arrangements, and speaker coordination. Our partner will ensure that the content presented is accurate, relevant, and aligned with the objectives of the session.
Disclaimer:
Please note that SA Entrepreneurship Empowerment’s role is limited to facilitating the session and ensuring the information provided is valid towards TREP funding requirements. The organization does not guarantee funding or financial support to any participants after attending the session. We look forward to welcoming SMEs to this informative session and helping them navigate the TREP funding requirements successfully.