The Sector Education and Training Authorities (SETA's) have opened their funding window for mandatory and discretionary grants.
What is a Mandatory Grant?
Mandatory Grants are paid by the SETA to companies who are eligible to receive funding.
Mandatory grants are calculated at 20% of an employer’s 1% skills levy.
To claim back the 20% as a mandatory grant employers have to submit a Workplace Skills Plan and an Annual Training Report before 30 April 2018.
Mandatory grants are paid quarterly and any mandatory grant not claimed will be transferred into the SETA’s discretionary fund.
How do I submit my application?
Submission can be made manually or online depending on individual SETA policy. Please contact the relevant SETA to find out how to apply for your Mandatory Grant.
What is a Discretionary Grants
Discretionary grants are paid out at the discretion of SETA management for skills development projects linked to scarce and critical skills.
SETA's are required to focus on funding Professional, Vocational, Technical and Academic Learning (PIVOTAL ) programmes.
However grants can be paid out to both PIVOTAL and Non-PIVOTAL programmes according to SETA policy.
Applications for Discretionary Grants must be made and approved before any training or other activity related to the skills development project can commence.
Contact the relevant SETA to find out if you qualify for funding.