Department of Trade and Industry
16 May 2019
Guidelines of the Aquaculture Development and Enhancement Programme (ADEP) have been revised.
In a statement, the trade and industry department confirmed that implementation of the new guidelines kicked in on 1 April 2019.
The ADEP is a sub-programme of the Enterprise Investment Programme.
According to the department, the aim of the new guidelines is to “ensure that small, black entrepreneurs benefit from the programme, thereby fostering broader participation and ensuring that transformation in the sector is achieved”.
The ADEP was launched in 2013 and was amended in August 2016.
It is an incentive programme available to South African registered entities engaged in primary, secondary and ancillary aquaculture activities in both marine and freshwater classified under SIC 132 (fish hatcheries and fish farms) and SIC 301 and 3012 (production, processing and preserving of aquaculture fish).
Grants are provided to approved applications for new, upgrading or expansion projects.
The objective of the ADEP is to stimulate investment in the aquaculture sector in order to develop emerging agriculture farmers, increase production, sustain and create jobs and encourage geographical spread.
Some of the changes in the new guidelines include that ADEP maximum rental costs for small black enterprises have increased from R10 000 to R20 000 per month, feed costs capped at 20% (previously 10%) and the mentorship cap has increased from R50 000 to R 200 000 per approval.
ADEP offers a reimbursable grant of up to a maximum of R20 million to qualifying applicants for new, upgrading or expanding projects.
The revised guidelines can be viewed at: https://www.thedti.gov.za/DownloadFileAction?id=1319&filename=ADEP_Guidelines.pdf.