The Aquaculture Development and Enhancement Programme (ADEP) is an incentive programme made available by the South African government to fish hatcheries and fish farms, and entities engaged in the production, processing, and preservation of aquaculture fish, under SIC 132, and SIC 301 and 3012.
The grant is provided directly to approved applications for new, upgrading, or expansion projects relating to aquaculture.
The incentive scheme offers a reimbursable cost-sharing grant of up to a maximum of R30 million qualifying costs in machinery and equipment; bulk infrastructure; owned land and/or buildings; leasehold improvements; and competitiveness improvement activities.
The objective of the incentive scheme is to stimulate investment in the aquaculture sector of South Africa with the intention to develop emerging aquaculture farmers, increase production, sustain and create jobs, and encourage geographical spread.
Primary aquaculture enterprises eligible for the Aquaculture Development and Enhancement Programme funding include brood stock operations; seed production operations; juvenile (spat, fry, fingerling) operations, including hatchery and nursery facilities; and on-going operations, including, but not limited to, rafts, net closures, net pens, cages, tank raceways, and ponds.
Secondary aquaculture enterprises eligible for the Aquaculture Development and Enhancement Programme funding include primary processing (post-harvest handling, eviscerating, packing, and quick freezing); secondary processing (filleting, portioning, and packaging); tertiary processing (curing, brining, smoking, and adding further value (terrines, roulades, pates, and paters)); and waste stream handling (extraction of fish oils, protein beneficiation, organic fertilisers, pet feeds, and animal feeds).
Ancillary aquaculture enterprises eligible for the Aquaculture Development and Enhancement Programme funding include aquaculture feed manufacturing operations; research and development projects related to aquaculture; and privately-owned aquaculture veterinary services (farm inspections, disease surveillance and control, histopathological analysis, etc. specifically for the aquaculture industry).
Contact us for assistance with qualifying for the ADEP incentive scheme provided by the Department of Training and Industry (the DTI).