Government funds now closed
      Back to home
      1. Funding Info
      2. COVID-19 relief funds
      3. Government funds now closed

      eThekwini Economic Recovery Fund

      FUND DETAILS

      Name of the fund

      eThekwini Economic Recovery Fund

      Fund administered by

      eThekwini Municipality

      Type of relief/support                                                     

      Grant

      Total size of the fund

      Information not available

      Who does the fund target?                                           

      Only businesses (whether formal or informal)

      Sector target

      Information not stipulated

      Minimum amount you can apply for

      Not stipulated

      Maximum amount you can apply for

      R30 000

      NB. Applications for this fund will close on 30 September 2020 at 3pm.

      ELIGIBILITY CRITERIA FOR THE ETHEKWINI ECONOMIC RECOVERY FUND: 

      Applicantions can be made by both formal and informal businesses:

      • Only businesses (whether formal or informal) are to be considered as applicants.
      • Applicants that have received support through other Government COVID-19 relief measures are to be excluded.
      • Applicants must be able to provide proof of loss of revenue due to COVID-19.
      • Losses other than those due to COVID-19 and the associated lockdown will not be considered.
      • Applicants that are formal businesses must be registered with the CIPC.
      • Applicants that are informal businesses must either have a valid trading permit from the eThekwini Municipality or hold a business licence from the Municipality.
      • Disbursements in terms of a single application are not to exceed R30 000.
      • An organisation/applicant may not benefit more than once from the fund.
      • A completed application form and motivation must be submitted.
      • The applicant's business must have been in existence for a minimum of 12 months.
      • The applicant's business must operate within eThekwini Municipality.
      • The applicant's business must have a valid and active bank account or business account with a recognised financial institution.
      REQUIRED DOCUMENTATION TO BE PROVIDED:
      The following documentation must be attached with each application:
      • CIPC or permit or business licence.
      • FICA documents (e.g. municipal accounts or letter from traditional authority).
      • ID copies of directors.
      • Latest 3 months' bank statements.
      • Business plan or a motivation letter.
      • Estimations for applied funding.

      HOW TO APPLY:

      The application form can be completed online http://dbnbusinessfair.com/index.php/ethekwini-economic-recovery-fund-application/ 

      FOR ADDITIONAL INFORMATION:
      For further information email sizakala@durban.gov.za

      Related Links: