Department Of Tourism Grants

By | January 9, 2022

Department Of Tourism Grants, The Tourism Transformation Fund (TTF) is an incentive scheme that focuses specifically on financial support for black investors and communities investing in capital projects in the tourism sector. The Department of Tourism (NDT) signed a Memorandum of Agreement (A) with the National Empowerment Fund (NEF) on 28 March 2017 to create and manage a dedicated capital investment funding mechanism to drive transformation in the tourism sector in a more direct and impactful manner.



The TTF will be d to the tune of R120 million annually, over a period of three financial years (FY 2017/2018 to FY 2019/2020), through annual grant funding of R40 million by Department of Tourism and R80 million loan and/or equity funding by the NEF. The TTF will offer grant funding of up to R5 million to qualifying small and micro tourism enterprises to unlock investment by black investors in the tourism sector.  

The TTF will not only assist small and micro majority black-owned tourism enterprises to expand and grow, but also e the rise of a new generation of youth, women and black owned tourism industrialists to take the tourism sector to new heights.



The TTF is administered by the NEF and details on the TTF and its eligibility criteria can be obtained from the Pogramme Guidelines.

Tourism Transformation Fund

BACKGROUND

The Tourism Transformation Fund (TTF) is a dedicated capital investment funding n established by the Department of Tourism in collaboration with the National Empowerment Fund (NEF) and focuses specifically on financial support for black investors and communities investing in capital projects in the tourism sector.

The Fund aims to drive transformation in the tourism sector in a more direct and impactful manner that will not only assist black-owned tourism enterprises to expand and grow, but also e the rise of a new generation of black owned youth, women and community owned tourism enterprises to take the tourism sector to new heights. The Fund is administered by the NEF on behalf of the Department of Tourism.



The Tourism Transformation Fund is d by the Department of Tourism to the tune of R40 million annual grant funding, over a period of three financial years up to 2020. The grant funding will be used to reduce the funding gap that may exist between the prospective investor’s own contribution and the approved loan finance and/or equity contribution by the NEF for tourism projects. The grant component will be capped at a maximum of R5 million per successful applicant to unlock investment in the tourism sector by qualifying black-owned small and micro tourism enterprises. 

The Window period for applications is now closed.

Application Procedure 

  • Download an application form and checklist  from the NEF Website at www.nefcorp.co.za.  
  • All TTF applications and enquiries should be sent to [email protected]
  • Note that incomplete applications will not be considered for funding

 

APPLICATION PROCEDURE
More detailed information on the TTF as well as an application form  and checklist can be downloaded from the NEF Website:  http://www.nefcorp.co.za

All TTF applications and enquiries should be sent to [email protected]

Note that incomplete applications will not be considered for funding. 

Disclaimer 
Prospective applicants to the Tourism Transformation Fund are advised to be wary of people purporting to be representatives or agents of the Programme.
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Tourism Transformation Fund e-brochure