Jobs Fund Stories
Please note that the 6th Call for Proposal submission for applications closed on 1 February 2016. We would like to thank everyone who submitted applications for their interest in the Jobs Fund. The appraisal process is underway and successful applicants will be notified in due course.
The Cape Craft Design Institute (CCDI) recently celebrated the successful completion of its Jobs Fund project that resulted in 464 permanent jobs (target: 451 jobs) in 45 enterprises in the creative sector. The project received a grant of R14.5 million over three years and matched it with R2.9 million.
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The Edamame Development Programme was set up in 2009 as a partnership between the Jobs Fund (R19 million) and eThekwini Municipality (R5 million) to establish an edamame soybean industry in South Africa.
The Ashburton project aims to create 9 635 jobs over a three-year period by providing SMEs with access to funding. Using a guarantee mechanism to partially cover investment losses.
What we do
The Jobs Fund was launched in June 2011, we are a National Treasury initiative with the goal to address the challenge of unemployment in South Africa. Our objective is to form partnerships, through grant funding, with public, private and civil society organisations on projects that will significantly contribute to job creation. What makes us different is that the Jobs Fund focuses on encouraging projects that catalyse innovative models that contribute directly to enhance employment creation.
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How we work
The Jobs Fund only accepts applications during open funding rounds and projects have to meet pre-determined criteria in order to be eligible for consideration. The Jobs Fund does not appoint intermediaries to assist applicants with their submissions for grant funding. The Jobs Fund is a challenge fund, the assessment and selection process is fair, transparent and competitive. Assistance is offered by the Jobs Fund team for queries and guidance. The Jobs Fund has a two-stage application process; the Concept Application Stage and Full Application Stage. The application process begins when a call for proposals opens, and ends once a project has been approved by the Investment Committee.
Stage 1 – Concept Application Stage
Stage 2 – Application Stage
Why a two-stage process?
The rationale for a two-stage process is that it enables applicants to test the relevance of their proposed initiative in relation to the Fund’s criteria, without expending undue effort and cost in developing a detailed proposal and business plan. Without this opportunity, many worthy applicants may choose not to apply, given the costs and risks associated with the development of a detailed proposal.
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