Aquaculture Development and Enhancement Programme (ADEP)
ADEP is an incentive programme available to South African registered entities engaged in primary, secondary and ancillary aquaculture activities in both marine and freshwater classified under Standard Industrial Classification (SIC) 132 (fish hatcheries and fish farms) and SIC 301 and 3012 (production, processing and preserving of aquaculture fish).
The ADEP offers a reimbursable cost-sharing grant of up to a maximum of R30 million towards qualifying costs in; machinery and equipment, bulk infrastructure, owned land and/or buildings, leasehold improvements, aquaculture feed, commercial vehicles, workboats, competitiveness improvement activities, research and development (R&D) (aquaculture-related), environmental impact assessments (eligible only for emerging farmers) and mentorship (eligible only for emerging farmers). To apply for the grant the applicant must be a registered South African legal entity, compliant with applicable and relevant aquaculture legislative requirements, taxpayer in good standing and must provide a valid tax clearance certificate before disbursement of the grant. The applicant is also required to submit a valid Broad-based Black Economic Empowerment (B-BBEE) certificate of compliance for entities with a turnover of above R10 million. Applicants with a turnover of less than R10 million may submit financial statements verified by an independent external auditor or accredited person.
The programme offers a reimbursable cost-sharing grant of up to a maximum of R30 million qualifying costs in machinery and equipment, bulk infrastructure, owned land and/or buildings, leasehold improvements, and competitiveness improvement activities.
The applicant must be a registered legal entity in South Africa, compliant with applicable and relevant aquaculture legislative requirements. In this regard, applicants will be required to submit proof of compliance from either national or provincial government department(s) responsible for aquaculture during the submission of claim(s) and before disbursement of the incentive.
Applicants receiving financial grant support from other government source(s) for the same assets as those for which assistance is sought from the ADEP will be excluded.
The applicant must submit the following documents to the programme manager at the dti; a fully completed official application form including the following: a) Latest available audited financial statements signed by an independent registered auditor or independent external accredited person for the entity, and authorised management accounts for the project (this condition is not applicable to new projects). b) Incorporation certificate. c) Business plan. d) Submit a valid B-BBEE certificate of compliance (i.e. B-BBEE levels 1 to 6) with an application and claim(s), for entities with a turnover of above R10 million. Applicants with a turnover of less than R10 million may submit financial statements verified by an independent external auditor or accredited person. e) Any other such information and documents as may be required by the dti.
To apply visit the dti website, and locate the financial assistance tab. All information regarding application forms and guidelines is provided for in each of the dti funding and/or incentives.