Polyco’s funding support programme provides investments in the form of infrastructure that is necessary to grow the collection, recycling, recovery or beneficiation of polyolefin plastics to meet the IWMP targets. The focus of this funding is to support the entire recycling industry value chain, from collections through to end use development. Funding mechanisms in the form of either grants or interest-free loans are awarded to qualifying companies who best meet the Project Funding Support Criteria.
Three key categories of project support exist
Supply Chain Efficiency
End Use Development
The completed Mandatory application form must be accompanied by your detailed business plan when you are applying for funding support.
If you need help to put together your business plan, you could contact one of the small business support bodies such as SEDA or SME Toolkit among others. You could also contact the Department of Small Business Development for further guidance.
Please note :
Applications received after the deadline will not be considered for funding support.
The funding mechanism selected is at the sole discretion of the Polyco Board.
You will be notified in writing by a Polyco representative as to whether your application has been selected onto the short-list of potential projects within four weeks of submission closing date. A further six week evaluation and selection process of the short-listed projects will follow, before Polyco Board approval of the final selected projects to receive funding support.
More than R26 million has been invested into various separation, collection, sorting and recycling projects around South Africa, in order to increase the recycling rate of polyolefin plastics. This has had a direct impact on employment, as these companies that we have partnered with were able to expand and grow their operations in both the urban and rural areas of our country.