01-10-05
  • Title
    South Africa, Local Economic Development in the Eastern Cape: Program Co-ordination Unit (PCU)
  • Area of expertise
    Municipal Infrastructure & Services
  • Policy field(s)

    Local economic development

    Fund management

    Public private partnership

    Poverty alleviation

    Employment

  • Country
    South Africa
  • Start of project
    01 / 10 / 05
  • End of project
    31 / 12 / 10
  • Partner(s)

    WYG International UK

  • Funding
    European Commission
  • Summary

    The overall objective is a significant reduction in the number of households living below the poverty line in the Eastern Cape province in South Africa.

     

    The project purpose is the creation of significant levels of sustainable employment (including self-employment) in the Eastern Cape, especially for Previously Disadvantaged Individuals.

     

    The expected results of the project are:

    1. Local governments supported to minimize barriers to indigenous and non-indigenous enterprise establishment and growth and to optimize the assistance they provide (through the Local Government Support Fund)

    2. Local partnership groups supported to exploit local competitive advantage (the Local Competitiveness Fund)

    3.1. Private sector enterprises supported to undertake private investment to capitalize on local competitive advantage (the Financial Innovation Fund)

    3.2. Financial institutions supported to pilot innovative means of providing sustainable access to the investment finance necessary to capitalize on local competitive advantage (the Financial Innovation Fund)

    4. Experiences in Local Economic Development arising from the Programme disseminated locally, provincially and nationally to ensure a high multiplier effect and to contribute to policy development

  • Code
    11161
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