The TTF provides a combination of grant funding, debt financing and equity contributions to facilitate capital investment in the tourism sector by prospective black investors. The grant funding portion is used to reduce the approved loan finance and/or equity contribution by the NEF for tourism projects. The grant funding component is capped at 30% of the total funding required or R5 million (whichever is greater) per applicant.
A second window period for applications is open from 1 April 2019 to 30 June 2019 to call for prospective applicants to submit applications for the Tourism Transformation Fund.
Prospective applicants for the Tourism Transformation Fund (TTF) are advised to be wary of people purporting to be representatives or agents of the programme.
Please note that the NEF and the department have not appointed agents or consultants to assist enterprises with the preparation of applications. The use of and payment of any fees to consultants is at the discretion of the applicants.
The Green Tourism Incentive Programme (GTIP) is a resource efficiency incentive programme of the Department of Tourism whose objective is to encourage private sector tourism enterprises to move towards the sustainable management of water and energy resources whilst adhering to responsible tourism practices.
Through grant funding, the GTIP assists private sector tourism enterprises in reducing the cost of investing in more energy and water efficient operations, while increasing their competitiveness, profitability and operational sustainability in the long term.
The GTIP broadly offers the following to qualifying tourism enterprises:
The programme is managed by the Industrial Development Corporation (IDC) on behalf of the Department and all applications and approvals are managed by the IDC.
A 4th window period for applications is open from 1 April 2019 to 30 June 2019 to call for prospective applicants to submit applications for the Green Tourism Incentive Programme.
Aims of the Tourism Incentive Programme
The Tourism Incentive Programme has four aims: