KZN Youth Empowerment Fund 2022/2023 Application Form

Filed in Opportunities by on May 4, 2022 0 Comments
KZN Youth Empowerment Fund

The KZN Youth Empowerment Fund is aimed at assisting deserving young people aged 18-35, to kick-start and grow their business ventures.

KZN Youth Empowerment Fund Application Requirements

Youth applying are advised to ensure that they have the following documents when making an application to the Kwazulu Natal Fund grant.

  • Business proposal (R50 000 io R500 000) business plan (R500 000 to R2 Mill)
  • Company Registration Documents
  • Proof of Address and valid Tax Clearance Documentation.

All applications must adhere to the minimum qualifying criteria in order to be considered for the fund.

KZN Youth Empowerment Fund Criteria

The Youth of KwaZulu Natal is drawn to the following minimum qualifying criteria to ensure consideration and possible approval of their applications:

  • Age Cohort (18-35)
  • No change of business ownership in the last twelve months from the date of the Fund application.
  • Maximum 10% operational costs and 90% capital or asset costs.
  • Business ownership (80 %Youth owned).
  • Young women-owned businesses will have an added advantage.
  • Adhere to priority sectors as spelled out in the application form (Applications with Innovation and sound Franchise deals are encouraged).
  • Local content is required.
  • Township and Rural operations are encouraged.

NB: Failure to comply with some of the minimum criteria points will lead to automatic disqualification from being considered for funding while the lack of others will result in weak proposals that may lead to disapproval.

How to Apply For KZN Youth Empowerment Fund

IMPORTANT! The KZN Youth Empowerment Fund 2022 Application Form is not yet out online, DISREGARD any form of advert you come across. This page will be updated immediately after the form is out. You can also keep visiting this website or the KZN Youth Empowerment Fund portal to stay updated once the list is out.

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