The Eastern Cape Development Corporation (ECDC)

posted in: Business Grants | 0
The Eastern Cape Development Corporation (ECDC)

The Eastern Cape Development Corporation (ECDC) has a mandate to plan, co-ordinate, finance, market, promote, and implement development of the Province and its people in various fields including commerce, agriculture, transportation, and finance. 

As a leader in facilitating inclusive sustainable economic growth, it is the mission of the ECDC to effectively promote and co-ordinate inclusive economic development through innovative finance and investment solutions.

ECDC is strategically positioned to drive a growing, diversified, inclusive, and robust Eastern Cape economy; in particular, the development of a competitive and sustainable micro, small, and medium enterprise (MSME) sector that contributes to the province’s socio-economic development. Dream Team Capital can assist MSME’s with the necessary developments to attain funding.

Strategic Themes of the Eastern Cape Development Corporation (ECDC)

• Economic transformation, inclusive growth and competitiveness;

• Customer focused solutions;

• Operational efficiency and financial sustainability;

• Pioneering innovation in the key growth sectors; and

• Attracting and retaining the best talent in the sector.

Legislation and Policy Frameworks of the ECDC

  • Eastern Cape Development Corporation Act No. 2 of 1997;
  • White paper on SMME promotion;
  • National Small Business Act 29 of 2004, as amended;
  • Co-operatives Act No. 14 of 2005, as amended;
  • Co-operatives Bank Act No. 40 of 2007;
  • Preferential Procurement Policy Framework Act No. 5 of 2000;
  • Broad Based Black Economic Empowerment Act No. 46 of 2013, as amended;
  • Companies Act No. 71 of 2008, as amended;
  • National Credit Act No. 34 of 2005, as amended;
  • Prescription Act No. 68 of 1969; and the
  • Public Finance Management Act No. 1 of 1999.

The ECDC also provides non-financial support instruments to support the general health, competitiveness and productivity of small businesses:

  • Business advice & counselling;
  • Business plan development;
  • Mentorship programmes (Enterprise Development Programme);
  • Quality management support;
  • Marketing support & Market Access;
  • Intellectual property registration support; and
  • Business management training.

For more information on the Fund – do not hesitate to contact DTC!