Join 130 applicants that have been approved to date, equating to a total grant value of R76.1m
Loadshedding is mounting, electricity prices are escalating, and water scarcity issues are rife. Luckily, there are solutions available for South Africa’s tourism industry.
The GTIP provides partial grant funding, particularly for small to medium enterprises, to lower their operational costs and enhance competitiveness in the long run. To date, 130 applications have been approved, equating to a total grant value of R76.1m.
May is National Energy Month and the perfect time to take action for more sustainable tourism through energy and water efficiency solutions. Do you own a small or micro tourism enterprise? Then you could qualify for funding via The Green Tourism Incentive Programme (GTIP), a Department of Tourism initiative.
Join us on 31 May 2023 from 10:00 to 12:00, where FEDHASA and the Department of Tourism will talk you through the Programme’s supported solutions, eligibility criteria, and application process so that you can confidently take advantage of the 8th application window: 2 May to 30 June 2023.
The GTIP, administered by the Industrial Development Corporation (IDC) on behalf of the Department of Tourism, aims to promote responsible tourism practices and sustainable water and energy management in the private sector. By investing in energy and water efficiency measures, the Programme supports climate action in tourism while reducing demand on the national electricity grid.
The Programme Approach
· The GTIP covers the full cost of a new resource efficiency audit, as well as the full cost of reviewing an existing audit.
· The GTIP will appoint an assessor from its approved panel to conduct resource efficiency audits to determine the best possible solutions to be implemented. The assessor will also review existing audits where applicable.
· The GTIP offers grant funding on a sliding scale from 50% to 90% of the total cost of the approved energy and water efficiency solutions up to a capped amount of R1 million.
· The balance is to be covered by the applicant (either through their own resources or from other reputable funding institutions, including the IDC).
· The grant will not cover the VAT portion for VAT registered enterprises; this will be covered by the applicants as they may claim it back.
· The GTIP will cover the VAT portion for non-VAT registered enterprises; in the event of the enterprise registering for VAT and claiming such costs related to the project, the enterprise will be expected to pay back the VAT portion to the GTIP.
· The grant funding will be paid directly to service providers/installers.
Ready to learn more? Register to attend the webinar now.