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PREAMBLE

The purpose of this document is to provide guidance to applicants submitting proposals for funding consideration under the Tourism Fund stream. Funding approval will be granted for projects in line with the strategic objectives of the fund.

BACKGROUND

The newly launched Operation Vula Fund is a funding scheme initiated by the Department of Economic Development, Tourism and Environmental Affairs (EDTEA) with the aim of ensuring that adequate support is provided for the establishment and promotion of sustainable emerging enterprises which include SMMEs and Cooperatives.  Funding support will also be aimed at achieving radical economic transformation, with funding availed to the historically disadvantaged groups within the provincial economy who are able to come up with sustainable and profitable initiatives which create wealth and sustainable jobs.

The Tourism Fund will be managed under the Operation Vula Fund within EDTEA, as annual grant funding for the 2019/20 financial year. The funding will be utilised to reduce funding gaps within existing and start-up tourism businesses.

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