Aquaculture Development and Enhancement Programme (ADEP)
OBJECTIVE
To stimulate investment in the Aquaculture sector and broaden participation in the sector.
BENEFICIARIES
South African Registered Entities engaged in the following operations:
Primary
- Brood Stock
- Seed Production
- Juvenile (spat, fry, fingerling) operations including hatchery and nursery facilities
- On-growing operations
Secondary
- Post-harvesting handling, eviscerating, packing & quick freezing
- Filleting, portioning and packaging
- Value adding: curing, brining & smoking
- Waste stream handling
Ancillary
- Feed manufacturing,
- R&D projects
- Privately owned aquaculture veterinary services
BENEFITS
Reimbursable cost-sharing Incentive Scheme of up to a max of R20 million for qualifying costs:
- Machinery and equipment;
- Bulk infrastructure; ( in water & electricity infrastructure);
- Owned Land (only applicable to small black enterprises);
- Buildings (Ponds, cages, tanks, etc);
- Leasehold improvements, capitalised in the balance sheet (lease agreement at least 10 years);
- Rental Costs (only for small black enterprises) capped at R20 000 p. m, claimable at stage 2 only;
- Aquaculture feed, up to a max. of 10% of total costs (capped at 20% for small black enterprises);
- Competitiveness improvement activities (e.g. skills development) up to R500 000;
- Commercial vehicles and work boats (owned/ capitalised financial lease), not to exceed 50% of total qualifying costs.
- EIA, Permits authorization and costs (only for small black enterprises);
- Mentorship up to R200/hr, 8hr/day capped at R200 000/ approved project
SHARE
Implementing agency
Department of Trade, Industry and Competition
