1. Funding Info
  2. COVID-19 relief funds
  3. Banks/Private sector active funds

Township and Rural Economy Fund

FUND DETAILS

Name of the fund                                                             

Township and Rural Economy Fund

Fund administered by                                                     

U Bank

Type of relief/support                                                     

Loans

Total size of the fund                                                      

R1b (R250m a year for the next 4 years) 

Who does the fund target?                                           

Businesses based in townships

Sector target                                                                 

Information Technology (IT) and Digitalisation, Manufacturing, Agriculture and Agri-Processing, Retail, Infrastructure and Tourism Sectors.                

Minimum amount you can apply for                                         

R50 000 

Maximum amount you can apply for                            

R1 500 000

FUNDING CRITERIA FOR TOWNSHIP AND RURAL ECONOMY FUND:

The fund will invest mainly in those enterprises based in the information technology (IT) and digitalisation, manufacturing, agriculture and agri-processing, retail, infrastructure, and tourism sectors.

ADDITIONAL INFORMATION FOR TOWNSHIP AND RURAL ECONOMY FUND:

For queries regarding this funding please go to https://www.ubank.co.za/ or call 086 000 8322.

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