Established by the South African Government in 2011, the Jobs Fund creates jobs by supporting initiatives that generate employment in innovative ways. The Fund offers once-off grants in the areas of enterprise development, infrastructure, support for work seekers and institutional capacity building.
The Jobs Fund awards grants to organisations through a competitive project application process where only the best ideas are funded. Operating on challenge fund principles, the Fund ensures that funding allocations are transparent, open and competitive, and are made by an independent Investment Committee. The Jobs Fund accepts applications from the private, public and non-governmental sector during calls for proposals. Project partners are required to share both risk and costs by matching the grant fund allocation.
Since its inception in June 2011, the Jobs Fund has concluded four calls for proposals, with the fifth call for proposals currently being processed. Through the first four funding rounds the Jobs Fund has allocated R4.671 billion in grant funding to 90 approved projects. As at the end of March 2015, R2.514 billion has been disbursed to all implementing projects and these projects have to date created 47,967 new permanent jobs and placed 21,100 beneficiaries in permanent positions. It is anticipated that over the life of the portfolio of 90 projects, 130 000 new permanent jobs wi ll be created and 80 000 placements made.
The fourth call for proposals (CFP) was a “Scale-Up” round where existing Jobs Fund Partners (JFPs) were invited to submit a new proposal for scaling their existing projects. These JFPs needed to demonstrate that they have achieved ‘proof of concept’ and have drawn significant lessons from implementation. They also had to clearly outline how the initiative could be enhanced and taken to scale/replicated.
The fifth call for proposals targets the agricultural sector. The first application stage for this round, the Concept Note application, opened on 12 January 2015 and closed on 28 February 2015. Of the 211 applications received, 30 projects have been approved by the by the Jobs Fund Investment Committee (IC) to submit a full business case application. Million is earmarked for this CFP.
More than 90 projects have been approved, of which 81 are in implementation. For more information visit our website and read the PDF brochure below.
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