Capital expenditure in the textiles industry - South African Government Investment Incentives

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:	Click here to see direct contact details. Contact information consists of: Contact person’s name Telephone number Email address Website address Click here to see direct contact details. Mr. Joy Balepile Tel: +27 (12) 269 3762 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: Financial Assistance (Incentives)

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