South Africa: Western Cape Economic Development and Tourism Opens Applications for SMME Booster Fund 2021


We are pleased to announce that applications have opened today (13 May, 2021) for the SMME Booster Fund 2021 which will distribute up to R20 million to organisations and municipalities for programmes that focus on supporting small businesses to grow and improve their sustainability so they can create more jobs in the Western Cape.

Run by the Department of Economic Development and Tourism, the SMME Booster Fund 2021 is calling for any existing SMME business development projects based in the Western Cape, especially those that support rural, township-based, youth and women-owned businesses to apply.

The closing date for applications is Monday, 7 June 2021 and all information and application details can be found on the Western Cape website: www.westerncape.gov.za/general-publication/smme-booster-fund

In the previous iteration of the SMME Booster Fund, through the allocation of funding to 16 beneficiaries like the Innovator Trust and Edge Growth amongst others, we were able to support over 350 businesses in the Western Cape to grow and improve their sustainability creating much-needed jobs.

Earlier this week, I had the benefit of meeting some of the previous beneficiaries of the SMME Booster Fund and the small businesses they supported.

During my visit I heard from Glynn Mashonga, the CEO of Globescope Security, about how her business has benefited from the support of one of our SMME Booster Fund beneficiaries, Innovator Trust, which helped her to increase her turnover, open a new office and hire more employees.