Application for Support from the Industrial Development Corporation's Tourism Business Unit

DESCRIPTION:

The Industrial Development Corporation's (IDC's) Tourism Business Unit finances capital expenditure in tourism businesses. This finance is focused towards businesses offering accommodation to bona fide tourists but also extends to other capital-intensive tourism projects with the potential to significantly impact on the growth of the tourism industry.

The main criteria for selection are:

Projects must be economically viable.
The IDC loan amount must be larger than R1 million.
An owner's contribution of at least 40% of the total project value is needed. This can be reduced to 20% for empowerment projects.

A variety of projects qualify for funding and there are a number of finance facilities available.

INSTRUCTIONS:

Application is done by submitting a business plan outlining the intended project and its finance requirements. The business plan should contain adequate information about the applicant, the project, costing, marketing plans, employment and at least a five-year budget, to enable IDC to assess the merits of the business case.For more information contact:
Katinka Schumann-Bester
Tel: 011 269 3509
Fax: 011 269 3709
benn@idc.co.za

PROVIDED BY:

GOVERNMENT BODY:	Industrial Development Corporation of South Africa Limited

GOVERNMENT BODY:

Industrial Development Corporation of South Africa Limited

The content on this page was last updated on 24 December 2003

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