Grants and loans for the Clothing, Textiles, Footwear & Leather Industry

Dear Successful Entrepreneur!

The IDC offers grants and loans with reduced interest rate to the Clothing, Textiles, Footwear & Leather Industry with its CTFLGP.

Qualifying applicants should manufacture products that undergo a value-adding manufacturing process and form part of one or more of the following processes:

• Clothing manufacturing.

• Textile manufacturing.

• Cut, Make and Trim (CMT) operators in the manufacturing processes mentioned.

• Footwear manufacturing.

• Leather goods manufacturing, and

• Leather processing (specifically for the Leather Goods and Footwear Industries and automotive leather industry)

The IDC developed 4 different funds

• Programme A: Competitiveness Improvement - interest-free loan with up to 50% as a grant

• Programme B: Expansionary Working Capital - interest-free loan over 5 years for up to R 10 million

• Programme C: Start-up Funding - interest-free loan, up to R 5 million, with up to 75% as a grant,

• Programme D: Cluster Funding

​If you like to determine if you qualify for this fund, or need assistance with the required business plan and support to apply for this fund please reply to this email and Anne will be able to guide you.

To Your Success

Your Funding Connection Team

Landline: +27 (0)31 761 8677 or Cellphone +27 (0)61 542 4037

Headquarters: 2 Old Main Road, Hillcrest Office Park, Hillcrest, KZN 3610

Satellite Offices:

Johannesburg: Infinity Venue, 30 4th Avenue, Northmead, Benoni - only by appointment