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.
Featured Articles:
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https://ventureburn.com/2020/05/new-township-and-rural-fund-to-start-lending-by-1-june-qa/
- https://social-tv.co.za/black-business-council-and-ubank-media-partner-for-r1-billion-township-and-rural-economy-fund/
- https://www.iol.co.za/business-report/economy/gauteng-sets-up-r500m-fund-to-help-businesses-hit-by-unrest-and-covid-19-92d9a414-b485-4377-9431-ce2c2175c9e1