The Department - Industrial Development Corporation

Development Funds

The Department

Development Funds Department

Supporting projects that have a great impact

Our Development Funds Department provides funding support to projects that have a high developmental impact and will, over time, grow our economy.

Our funding schemes support the aims of the New Growth Path set out by the Economic Development Department, which emphasises growth, employment creation and equity.

We act as a catalyst, helping projects move beyond the informal sector into the economic mainstream, by providing funds to deserving projects.

Our department has a hands-on approach.

We provide our expertise and knowledge to each project; we monitor the progress of the project; and we gather regular reports from our investees. The department is determined to help nurture and grow companies so that they can maximise their potential.

Who should apply for finance?

Our target beneficiaries are previously disadvantaged groups, including women, people with disabilities, low income worker groupings and marginalised communities.

We support projects that will eventually contribute to the development of the economy through:

Job creation;
Developing small and medium enterprises;
Developing rural areas and underdeveloped provinces and regions; and
Boosting Broad-based Black Economic Empowerment and empowering people who were previously excluded from participating in the economy.

Because many of our selected projects are considered high risk, we ring-fence the funds we use.

The funds we currently manage are:

Funding criteria

Projects must show economic viability and financial sustainability; must fit into the IDC's mandatedsectors; must meet the empowerment limits set by the particular fund; and should not be less that R1-million.

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