To enhance industry and project development and leverage funding and development of partnerships by:
The Department’s raison d’etre is to bring development outcomes closer to Industry development to:
Amongst the development outcomes the PP – RP seeks to deliver on include:
Key to achieving these outcomes is the creation of conducive and enabling ecosystem to mobilize investment and activity that can create sustainable and inclusive economic development through:
The PP-RP Department of the IDC supports initiatives that grow and support the development of the social economy to enhance, broaden and deepen IDC’s impact in an integrated and sustainable way. In its efforts to do so, the PP-PR department manages two specific grant funding programmes, namely:
The IDC sees the importance and use of these funding programmes to play the following roles:
The main objective of these programmes (and funds) are to support innovative and effective activities that focus strategically on resolving social market failures and creating new opportunities to add social value systematically, to maximize social impact and bring about positive, lasting (sustainable) change, through promoting entrepreneurial endeavor and sustainable livelihoods to address inequality, spatially (rural, townships) and human (race, gender etc.).
In 2012, the IDC introduced the Social Enterprise Programme to support those enterprises that focus on “doing good” rather than maximising profit. Social enterprises are businesses with social missions and trade to tackle social and environmental problems, and improve lives of people and communities, often the most vulnerable.
Through the Social Enterprise Programme the IDC has supported various social enterprises throughout the country. Social enterprises are businesses with social missions and trade to tackle social and environmental problems, and improve lives of people and communities, often the most vulnerable.
Since inception of this Programme, the IDC has supported 57 projects to the value of R187 million, creating 3 105 jobs and supporting 26 000 beneficiaries.
The IDC is partnered in this programme by the Government of Flanders who have provided funding (€7 million) to assist, grow and support the social economy as a sector.
The Special Intervention Programme aims to address the socio-economic and developmental needs of targeted areas. This programme is flexible and has resulted in many innovative and impactful initiatives in marginalised areas including townships and rural areas.
The programme seeks to assist and facilitate development in various ways. The focus of the programme is to:
The Special Intervention Programme aims to address the socio-economic and developmental needs of targeted areas through public, private and community partnerships. This has resulted in many innovative and impactful initiatives in marginalised areas including townships and rural areas.
Since the conception of this programme in 2012, the IDC has approved 90 projects to the value of R321 million. The projects have created 3 545 direct jobs and supported 35 000 beneficiaries.
The utilisation of the SIF programme includes funding for the following initiatives/strategies:
The IDC’s PP-PR Department manages and supports 3rd party funds from the public and donor community, amongst others.
The IDC, through the PP – RP sees itself as an important driver of transformation and a more inclusive economy and has the potential to contribute significantly to our country’s “new dawn”, and in so doing, ensure a vibrant, inclusive and responsive economy that seeks to grow, transform and respond to the needs, hopes and aspirations of all our people.