Second Call for Proposals is invited by Jobs Fund administered by the DBSA. Innovative ideas are invited from the Private, Public and Non-Governmental sectors to address the issue of unemployment in South Africa. The Fund will be open for applications from Monday 2nd April, 2012 and the call will remain open for 8 weeks.
The Jobs Fund is a R9 billion employment creation program initiated by the Minister of Finance in June 2011. This is an initiative of the Government to address increasing rate of unemployment in the country. The primary mandate of the Jobs Fund managed by the DBSA and South Africa’s state-owned development bank is to support initiatives which pilot innovative approaches to employment creation.
Job Fund operates on the basis of a competitive process, allocating funds to projects that show promise and speak to the fundamental mandate of the Fund i.e. sustainable job creation. An Investment Committee has the executive and fiduciary responsibility for all funding decisions.
The Jobs Fund allocated R2 billion in the 2011/2012 financial year. Proposals received in the first call were around R320 billion worth of grant funding.
Jobs fund has taken following actions in the financial year 2012-2013:
- Proactive engagement with key stakeholders to ensure the development of a pipeline of projects that will yield positive job creation results;
- Stakeholder engagement sessions hosted in the Provinces;
- Jobs Fund application process automated;
- Updated the website to include more guidance to applicants on the Jobs Fund Eligibility and Impact Criteria; the type of projects the Fund would like to support; how to complete the application form and the Assessment Process and targeted timeframes;
Deadline: 31st May, 2012
For further information, visit the link.
