The National Treasury has announced the launch of the 12th funding round for the Jobs Fund, a program aimed at supporting businesses and entrepreneurs in the green and informal economies. The fund is specifically targeting scalable projects with sustainable job creation, offering a minimum grant amount of R5 million.
- Green Economy:
- Renewable energy
- Energy efficiency
- Sustainable agriculture
- Agritech
- Transport
- Green mobility
- Waste/water management
- Informal Economy:
- Street vending
- Small retailers
- Small manufacturing
- Infrastructure care and repair work
The Jobs Fund has been running since 2011, and in that time, an estimated R7.4 billion has been disbursed to partners. This funding has supported the creation of 210,719 permanent jobs, 114,534 short-term jobs/internships, and more than 63,000 SMEs and 16,000 emerging farmers. The 12th round of funding is focused on green and informal economies, with a specific emphasis on innovative solutions that address critical employment barriers. The National Treasury aims to support creative, scalable interventions that will contribute to sustainable job creation and stimulate inclusive economic growth in high labour absorptive sectors.
The Fund seeks to support creative, scalable interventions that will contribute to sustainable job creation and stimulate inclusive economic growth in high labour absorptive sectors.
The National Treasury has emphasized that proposals must demonstrate long-term financial and operational sustainability. Successful proposals must provide scalable, implementable solutions with measurable impact on job creation.
