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•  Intro  Application Process  Rules  Application Form  Application Form Part2

•  Intro  Application Process  Rules  Application Form  Application Form Part2

THE PARTNERSHIP (PII) SCHEME

Financial assistance under the Partnership Scheme is provided in the form of a conditionally repayable grant of 50% of the qualifying cost incurred during development activity with a minimum grant amount of three million Rand (R3 000 000) per project, repayable on successful commercialisation of the project.

The Partnership Scheme repayment levy is calculated as the percentage of the projected value of sales, paid bi-annually, over a specific number of years (typically for 5 years starting at the first year of recorded sales) which will give a certain nominal Internal Rate of Return (IRR). The required IRR is periodically reviewed and is currently Prime + 3%. The levy percentage and repayment period is set at the time of the award. In considering support for a project under PII, there should be a clear indication of the causality (additionality) that will follow from the support.

In the case of the SPII Partnership Scheme, an investigation fee, equal to 1% of the grant amount, is payable on signature of the agreement. This fee is refundable, without interest, at completion of the final milestone.

The SPII Partnership Scheme is based on similar rules as the Matching Scheme. There are no BEE incentives under the PII Scheme.