North West Development Corporation
The North West Province is the ideal place for commercial ventures – and the North West Development Corporation guides the way as a valuable business partner.
Vision: To be the cornerstone of promoting trade, attracting investment, and ensuring inclusive economic growth and transformation in the North West Province.
Mission: To contribute to the inclusive economic growth and transformation of the North West Province through:
- Industrial development
- Commercial investment
- Property development and management
- Development of sustainable enterprises
- Trade and investment attraction; and
- Programme management
North West Development Corporation Supports Small Businesses Through:
Business Counselling Services offered by NWDC
- Holistic small business advice
- Business plan guidance
- Referrals to other support units or institutions
- Assistance with CIPC-related matters thanks to a service level agreement between NWDC and the CIPC
Bridging Finance
NWDC offers Bridging Finance to SMMEs who have secured an order, contract or tender with a government department, municipality or the private sector. These are referred to as contracting parties.
Conditions of NWDC providing Bridging Finance
- The Contracting party to agree to sign a cession agreement with the NWDC
- A cession agreement ensures the loan is repaid to the NWDC
- SMMEs who have secured sub-contracting services also qualify to apply for bridging finance, provided the primary contractor is included in the cession agreement
Documents required to apply for Bridging Finance
- Submit NWDC Bridging Finance application form (download SBD loan form)
- Accompanied by supporting documents:
o Proof of contract or purchase order or tender, i.e. appointment letter
o Company registration document of the SMME (CIPC)
o Copies of identity documents of directors listed on company registration
o CSD Certificate
o Tax clearance certificate
o Relevant industry-related compliance certificates
o Proof of residence
o For construction contracts: bill of quantities of the tender