Gauteng Enterprise Propeller
The Gauteng Enterprise Propeller (GEP) promotes, fosters and develops small enterprises in Gauteng thereby implementing the policy of the Gauteng Provincial Government for small enterprise development.
GEP's mandate is to promote entrepreneurship, mobilise resources and facilitate an integrated approach to entrepreneurial development and support within the Province; Provide financial and business development support for the growth and sustainability of small enterprises; Facilitate investment in high-impact business enterprises that transform the structure and competitiveness of industrial sectors in the Province.
GEP offers financial and non-financial support to qualifying SMMEs and Co-operatives across all sectors in Gauteng.
Financial support offerings include;
- Start-up Finance - The Start-up Finance Programme is dedicated to helping SMME’s and co-operatives to secure the finances they need to jump-start their business ventures.
- Contract Finance - This type of loan caters for entrepreneurs and SMMEs who have secured contracts from government departments, public entities and private sector companies.
- Growth Finance - This programme assists viable existing businesses looking to expand their operations by securing additional capital.
- Franchise Finance - GEP Franchise Finance Programme assists with funding to acquire a new or existing franchise, as well as the much-needed working capital.
- Micro-finance - The Micro-finance Loan Programme offers co-operatives, micro, very small and small businesses access to much-needed finance. The programme is specifically geared towards start-ups and existing businesses that demonstrate growth potential and contribute to the broader economic objective of job creation and poverty eradication.
Non-Financial Support
- Development of Marketing tools,
- Financial management systems
- Quality management systems
- Training
- Mentorship
- Business incubation and business advice