Western Cape Finance and Economic Opportunities on closing day for SMME Booster Fund applications

World SMME Day: Applications for SMME Booster Fund close today

On world Small, Medium, and Micro-Enterprises (SMMEs) day, we celebrate the immense contribution these businesses make to economic growth and job creation in the Western Cape.

One of the ways the Western Cape Government supports SMMEs, is through the SMME Booster Fund, which will distribute R16 million to selected organisations, which deliver training programmes on Business Development Support and Access to Markets, for SMMEs.

Applications for the 2022 iteration of the fund close today and I encourage SMMEs which have not yet submitted their applications to do so.

SMMEs can find more information here https://www.westerncape.gov.za/general-publication/smme-booster-fund and can submit their applications to DEDAT.Boosterenquiries@westerncape.gov.za

Managed by the Western Cape’s Department of Economic Development and Tourism, the SMME Booster Fund 2022 aims to enhance the sustainability of rural, urban, township-based, youth, people with disabilities and women-owned SMMEs based in the province.

Since the first iteration of the Fund in 2019, it has allocated R59 million in funding and supported 730 SMMEs in the Western Cape.

I am also proud to be speaking at the Cape Town SMME Summit tomorrow, where I will set out in more detail what the Western Cape Government is doing to remove barriers to the growth of SMMES as well as the various programmes we run to support small businesses.

It is our job as government to make it easier for the private sector, especially small businesses, to create jobs. I am determined to ensure that this happens.

With targeted support programmes, and by making it easier to do business in our province, we can help our entrepreneurs and SMMEWs to be the great success we all know they can be.

Source: Government of South Africa