BBSDP

Black Business Supplier Development Programme (BBSDP)

To help black owned businesses in South Africa the Black Business Supplier Development Programme (BBSDP) was introduced in 2002. The focus of this programme is to help black owned business to compete in the mainstream of the economy.

This program is there to help black businesses with Training, Business Management, Branding and Corporate Identity, Tools, Machinery and Equipment of the business.

The BBSDP provides a matching grant of up to R 1 000 000.00 to enterprises to assist them in improving their competitiveness. This can be done by upgrading managerial capabilities, market development and quality improvement projects.

The grant is split in allocation:

1. R800 000 for tools, machinery and equipment on a 50:50 cost sharing basis. The grant pays 50% and the entrepreneur 50% of cost.
2. R200 000 for business development and training interventions per eligible enterprise to improve their corporate governance, management, marketing, productivity and use of modern technology on an 80:20 cost sharing basis. So the grant will pay 80% of the cost and the entrepreneur will pay 20% of the cost.

Qualification of Enterprises

To qualify for funding under the BBSDP the enterprise must:

1. Be predominantly black-owned (51%)
2. Have a predominantly black management team (50%)
3. Have R250 000 to R35 million turn over per year
4. Be registered with the South African Revenue Service (SARS) for VAT, and be able to provide a valid tax clearance certificate and VAT registration number
5. Be operating and trading for at least one (1) financial year. Financial statements are required.

Qualifying Interventions includes the following:

1. Training
2. Business Management
3. Branding and Corporate Identity
4. Tools, Machinery and Equipment

Do you qualify or do you have more questions?

Please contact us:

Tel: 072 838 6854
Email: info@grantsforbusiness.co.za

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