Western Cape Government launches R5 million Tourism Challenge Fund
3 May 2023
The Department of Economic Development and Tourism (DEDAT) is excited to announce the launch of the first ever Growth for Jobs Tourism Challenge Fund, and requests organisations implementing tourism development projects or programmes in the categories of Tourism Infrastructure Support and Tourism Product Development Support to apply for project funding.
Minister of Finance and Economic Opportunities, Mireille Wenger welcomed the launch of the fund: “Our tourism and hospitality sector was hit hard by the COVID pandemic but has seen a remarkable recovery over the last year, with international arrivals reaching 100% of their 2019 figures in February this year. To enable future growth, we need to remove barriers that stand in the way of the sector, ensure we get the basics right, and help support small businesses to add new and exciting experiences, while investing in infrastructure that will unlock success. This is what Growth for Jobs is all about.”
Minister Wenger continued: “An important aspect of this fund is that it challenges the tourism ecosystem to co-invest as partners, to ensure that we get maximum impact with the resources we have available. Partnering with the private sector is essential if we are to achieve much higher levels of economic growth in the province”.