About the Education Fund
Education in South Africa remains a major challenge and has had a direct impact on the current skills shortage experienced throughout the country. As a result of a lack of physical infrastructure and finance, many opportunities by aspiring learners have been lost.
Business Partners aims to assist in alleviating this challenge by providing existing and aspiring entrepreneurs in this industry with finance and support through its dedicated Education Fund to increase the opportunities available for aspiring learners and thereby increasing their knowledge and skillset. The objective of this fund is to provide finance and mentorship to for profit enterprises which carries on the business of knowledge and skill transfer across all industries.
Do you qualify?
We will consider funding any formal small or medium enterprise carrying on the business of the promotion of learning and/or other educational related services. These include, but are not limited to:
- Private schools
- Special needs schools
- Pre-schools (including day-care, crèches and pre-primary)
- Adult basic education
- FET Colleges
- Special training schools – e.g. Cullinary, Nursing, Medical, Fashion, Graphic Design, Beauty, Business, HR, Health and Safety, ICT etc.
- FET institutions
- SETA accredited training schools
- Student accommodation
- Educational franchises
Education Fund criteria
| Size of the Fund |
R150 000 000 |
| Geographical Spread |
National |
| Financing Period |
5 – 10 years |
| Minimum and Maximum |
R500 000 – R25 000 000 |
| Entrepreneur – Relevant experience |
Preferably |
| Own contribution |
Commensurate with the risk and financial model |
| Pricing |
Based on overall risk assessment |
| Application documents |
- Business plan
- Annual financial statements
- Up to date management accounts
- Cash flow forecast
- CV of entrepreneur/s
|
| Businesses that qualify for the fund |
Any formal small or medium enterprise carrying on the business of the promotion of learning and/or other educational related services. |
| Exclusions |
Non-profit organisations |
| Purpose of the funding |
- Expansion
- Working capital
- Equipment
- Takeovers
- Start-up
- Management buy-outs
- Property finance for owner occupied businesses
|
Applying for finance
To apply for finance, you will need to submit your business plan to one of our Fund advisors. Alternatively you can send your business plan to enquiries@businesspartners.co.za or deliver it to any of our offices country-wide . You are also welcome to submit a finance enquiry online and one of our investment personnel will contact you.
Source: http://www.businesspartners.co.za/
Business Partners (Owner)
