Applications open for Manufacturing Support Programme (MSP)

(Media Release: Issued and provided by the Department of Trade, Industry and Competition)

The Manufacturing Support Programme (MSP) is an incentive designed to grow and develop the manufacturing sector through investment in new or expansion manufacturing projects that will, create and sustain employment, encourage transformation and promote localisation.

The MSP is available to South African registered entities engaged in manufacturing.

THE OBJECTIVE OF THE MANUFACTURING SUPPORT PROGRAMME (MSP):

• Promote operational efficiency and competitiveness in new or expansion manufacturing projects.
• Encourage transformation through supporting enterprises owned by Black persons, Women, Youth and People with Disabilities.
• Create and sustain employment.
• Promote localisation through the use of locally produced inputs/raw materials and machinery directly related to production.

BENEFITS

CAPITAL EXPENDITURE AND RAW MATERIALS

• The MSP offers a reimbursable grant of up to twenty percent (20%) for projects. The maximum grant offering is R10 million over a two-year investment period with the last claim to be submitted within six (6) months after the final approved milestone.
• The DTIC will provide a thirty percent (30%) reimbursable grant for projects that are fifty-one percent (51%) owned and controlled/managed by Women, and/or Youth(s) and/or Person(s) with Disabilities.

Read the full press release and find all the documentation here.