Agro-Processing Support Scheme
Department of Trade Industry and Competition South Africa
Agro-processing
Agriculture
Hydroponics; Agriculture; Water; Urban Farming; Vertical Farming
The Agro-Processing Support Scheme (APSS) aims to stimulate investment by the South African agro-processing / beneficiation (agri-business) enterprises. The investment should demonstrate that it will achieve some of the following:
Increased capacity, employment creation, modernised machinery and equipment, competitiveness and productivity improvement and broadening participation.
Benefits;
- The scheme offers a 20% to a 30% cost-sharing grant to a maximum of R20 million over a two-year investment period, with a last claim to be submitted within six months after the final approved milestone.
- The maximum approved grant may be utilised on a combination of investment costs provided the applicant illustrates a sound business case for the proposed investment activities.
- An applicant must submit a completed application form and business plan with detailed agro-processing/beneficiation activities, budget plans and projected income statement and balance sheet, for a period of at least three years for the project. The project/business must exhibit economic merit in terms of sustainability.
Industry
Agriculture, forestry and fishing
Manufacturing