Cooperatives Development Support Programme (CDSP)
The Cooperatives Development Support Programme (CDSP) supports co-operative enterprises with business related assets including working capital and business development support (BDS) necessary to achieve production efficiencies, scale-up, access to markets, and improved product quality to improve the sustainability of the co-operative enterprises.
Through the Cooperatives Development Support Programme (CDSP), cooperatives are assisted with machinery, equipment, tools, raw materials, stock, commercial vehicles, Information and Communication Technology (ICT) linked to co-operative development activities and Infrastructure set up.
The grant approval will be based on projections for the first year at application stage whereas approval for subsequent year(s) will be accepted in principle and be reviewed on an annual basis subject to actual performance in the preceding year(s) against agreed milestones.
The programme offers a cost-sharing blended funding in line with funding matrix towards approved intervention where DSBD contributes up to 50% towards the total approved amount capped at R2,5 million and the balance covered by a loan towards the total approved financing amount.
TREP ELIGIBILITY CRITERIA
Application Requirements
- Proof of registration and compliance with South African Revenue Services (SARS); Companies and Intellectual Property Commission (CIPC) Registration Documents (e.g. Constitution, CR-10).
- Financial Intelligence Centre Act documents (e.g. Municipal accounts, letter from traditional authority).
- Three (3) competing and comparable quotations.
- Lease Agreement or Permission to Occupy (P.T.O).
- CVs and certified ID Copies of Directors/founding members.
- Three (3) Months Bank Statements.
- Detailed Business Plan.
- Three (3) year cash flow projections.
- Latest Annual Financial Statements or Management Accounts not older than three (3) months from date of application in the case of expansion.
- Relevant Industry Certification – where applicable;
- Details of the loan facility.
- To prevent “double dipping” the applicant must submit a sworn affidavit regarding support received from the State in the five-year period preceding the application.