Incentives for capital expenditure

Clothing and Textiles Competitiveness Programme (CTCP)

Objective

The CTCP makes targeted grants to grow and develop the clothing, textiles, footwear, leather and leather goods manufacturing sectors. It is divided into the Improvement Programme (CTCIP) and the Production Incentive (PI).

Beneficiaries

Manufacturers in the South African clothing, textiles, footwear, leather and leather goods sectors.

Benefits

The CTCIP makes 65% grants to individual companies and 75% grants to company clusters.

The PI makes grants pegged at 7.5% of individual company manufacturing value addition.

Grants may be used for interventions that improve competitiveness, including upgrades and expansion of capital equipment, increasing productivity, enhancing employee skills, improving products and processes, reducing costs and subsidising interest payments on debt.

Implementing Agency

The Industrial Development Corporation

Contact:

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Contact information consists of:

  • Contact person’s name
  • Telephone number
  • Email address
  • Website address
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Mr. Joy Balepile

Tel: +27 (12) 269 3762

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Website: Financial Assistance (Incentives)