Whereas government departments, agencies, development finance institutions (DFIs) and the private sector (primarily through commercial banks) announced relief packages to support SMMEs, the impact of COVID-19 (C-19) continues to cause disruptions and uncertainty in the economy.
The Western Cape Government has estimated that 170 000 jobs will be lost due to the effects of the COVID-19 pandemic.
It is thus critical that a fund providing relief to businesses operating in the Western Cape Province be implemented to minimise the effects of the COVID-19 pandemic.
The purpose of the Western Cape C-19 Business Relief Fund is to alleviate the economic impact on small and micro enterprises operating in the Western Cape caused by C-19. The fund will provide relief in the form of financial grants to the affected enterprises.
In providing support and assistance to selected businesses, the objective of the fund is to contribute to the sustainability of qualifying Western Cape enterprises i.e. for the assisted enterprises to remain going concerns (sustainability) during the C-19 crisis in order to emerge (post the crisis) as viable labour-absorbing businesses.
The application guideline, which must be reviewed before submitting your application, can be downloaded here: https://www.westerncape.gov.za/assets/application_guideline_covid-19_business_relief_fund_revised_22_sept_0.pdf
To apply in the Formal business category, please click on https://forms.gle/h38hGtS7ppzZfb7WA
To apply in the Informal business category, please click on https://forms.gle/UEsRhEjhPnHMxT2K8
The closing date for applications is 12 October 2020 at 10h00.