Aquaculture Development and Enhancement Programme by EDC
The Aquaculture Development and Enhancement Programme, (ADEP) is an investment based cash incentive program available to those companies engaged in primary, secondary and ancillary aquaculture activities.
Registered higher education institutions and licensed and/or registered research institutions may qualify.
Qualifying activities maybe either marine or freshwater based and include fish hatcheries and fish farms together with the production, processing and preserving of aquaculture fish. The ADEP is available to both new and expanding operations supporting investment in:
- Machinery and equipment (new and used)
- Bulk infrastructure
- Owned land and/or buildings
- Leasehold improvements and
- Competitiveness improvement activities including: process improvements, conformity assessment, skills development, energy and resource efficiency improvements.
Qualifying companies may recover an incentive of 20%-45% of qualifying costs, to a maximum incentive of R40 million (determined by the size of the qualifying investment). The application is required to be submitted at least 60 days prior to the commissioning date of the qualifying investment.
Aquaculture Development and Enhancement Programme
Interested in this programme? Contact EDC to see if you qualify to grow your aquaculture business.