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The IDC Automotive and Transport Equipment Strategic Business Unit Financial support for SMME's



About the Opportunity

The IDC Automotive and Transport Equipment Strategic Business Unit (SBU) is focused on ensuring both domestic and global competitiveness in the downstream manufacturing of automotive, transport equipment and related components. It prioritises funding and support to automotive and transport equipment manufacturing entities that offer high developmental impact on return while playing a significant role in growing the country’s economy.


WHAT WE FUND

  • Manufacture of motor vehicles, trailers & semi-trailers

  • Manufacture of aircraft and spacecraft

  • Manufacture of parts and accessories for motor vehicles and their engines

  • Manufacture of motorcycles and bicycles

  • Manufacture of rail locomotives and rolling stock

  • Building and repairing of boats and ships

IDC will only consider your application if funding required is above One Million


MINIMUM REQUIREMENTS

  • Compliance with international environmental standards.

  • Shareholders/owners are expected to make a financial contribution:

  • - The contribution of historically disadvantaged people under special circumstances may be lowered, in which case the IDC will be prepared to extend finance in excess of the owner’s contribution.

  • The project/business must exhibit economic merit in terms of profitability and sustainability. The IDC does not re-finance fixed assets since our aim is to expand the industrial base.

EXPANSIONS BY EXISTING BUSINESSES

  • Latest audited and actual financials (signed by the finance director, MD or CEO).

  • Your updated business plan focusing on the proposed project/expansion.

  • A detailed description of the nature of expansion, its related costs, and revenues.

  • A comprehensive business plan.

SMALL, MEDIUM AND START-UP BUSINESSES

  • A comprehensive business plan.


For more information, please click:

https://www.idc.co.za/automotive-transport-equipment/



To apply, please click:

https://protected.idc.co.za/clientportal/Home/Index?ReturnUrl=%2Fclientportal%2F



Contact Details:

email: callcentre@idc.co.za Phone: 0860 693 888 Address: 19 Fredman Drive, Sandown PO Box 784055 Sandton, 2146

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