CO-OPERATIVE DEVELOPMENT SUPPORT PROGRAMME:
The Co-Operative Development Support Programme (CDSP) is a programme of the Department of Small Business Development with an objective to support co-operative enterprises financially and non-financially in partnership with other key strategic stakeholders. The CDSP programme offers blended financing to eligible co-operatives on a cost-sharing funding of a combination of a grant and loan. The grant funding portion of funding is capped at R2.5 million towards qualifying activities. The grant support is available for machinery, equipment, infrastructure, commercial vehicles and business development support necessary to grow co-operative enterprises to ensure that the co-operative enterprise develop to be more sustainable and competitive.
APPLICATION PROCESS
- Proof of Registration on the National SMME Database: https://smmesa.gov.za
- Complete the simplified online application form available from www.dsbd.gov.za
- Proof of registration and compliance with SARS;
- CIPC Registration Documents (e.g. Constitution, CR- 10) ;
- FICA 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; and
- 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.
