NYDA Funding

NYDA Funding

Through the NYDA Grant Programme, young entrepreneurs have the opportunity to start and grow sustainable businesses. Here you’ll find information on how to get funding from NYDA.
NYDA-Funding-Small Business Funding-Starting a Business

The National Youth Development Agency (NYDA) is an organisation established in 2008 to help address the problems facing South African youth such as skills development and unemployment. The NYDA plays a lead role in ensuring government and private sector and civil society make youth development a priority by identifying and implementing solutions to address youth development challenges.

The NYDA is moving away from youth enterprise finance in the form of loans and more toward micro-finance grant provisions. The grant provides both financial and non-financial support to youth entrepreneurs. Grants start from R1 000 to a maximum of R100 000 and support includes mentorship programmes, a voucher programme, market linkages, entrepreneurship development programme, youth co-operative development programme, and other business support services required.

NYDA-Logo-NYDA-Funding-Small Business Funding-Starting a Business

NYFA Funding: Types of NYDA Funding Available

For youth entrepreneurs seeking grants, grants are available for (and not limited to) motor mechanics and panel beaters, electricians, plumbers, domestic appliance repairs and services, hair dressers, cleaning companies, beauticians, small-scale recycling businesses, car washes and street vendors to name just some. Grants can be issues through the following channels:

  • Individual grants issues to formal and informal businesses that in the start-up phase of their business or in the development stage.
  • Grants issues to co-operatives, meaning an autonomous association of people united to meet common economic and social goals through a jointly owned and democratically controlled enterprise.
  • Another avenue is community development and facilitation projects.

How to access NYDA funding

NYDA grants are available to individuals or co-operatives that meet the following criteria:

  • Applicants must be youth (18 to 35 years old) with the necessary skills and experience or show the potential of skills for the business and industry in which they wish to operate
  • Applicants must be South African citizens with ID documents and operate their business within South Africa
  • The applicant must need the grant to start or grow their business i.e. no other source of capital
  • Applicants must be involved in the operation and management of the business on a day to day basis and be prepared to work in it full-time
  • The business may be formal or informal and categorised as a micro-enterprise, e.g. street vendor
  • The enterprise must show, or have potential to be commercially viable and sustainable
  • Applicants should be sole traders or in the case of groups have a minimum of five people.

NYDA-Grants-Small-Business-Funding-Starting a BusinessGrants will not be given to businesses that require less than R1 000 or more than R100 000, that fall within illegal or ill-reputable activities like gambling, drugs, arms, sex trade. Businesses rejected for grants also include those where tobacco or alcohol are the primary income generator, where the business operates as an investment trust, venture capital, seed capital, or where the applicant requires NYDA to issue grants to a third party.

Grants may be used for working capital, asset finance and stock purchase.

Contact details for NYDA funding

For more information on funding available visit www.nyda.gov.za or call the call centre on 0800 52 52 52.

Sep 25, 2013
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  • kele

    I have been to nyda rustenburg and they said they don’t fund salons.. I really don’t understand this

  • nwabisa

    i just want to know, my brother is a car mechanic can he also get the grant for his business….

  • mandisa

    lizzy, i can assist you with chickens. email me back.

    • Mpho

      Hey Mandisa. Can you please assist me also in this read. my email is shadympho@gmail.com

  • tsholofelo

    Hey..i am involved in a learnership that is funded by NYDA, we are struggling 2get ourpromised stipends,id like 2 know if u knw anything abt this….its been 3months now nd i according 2 wat i heard…is dat u guys fund a business before it starts operating bt de answer we get wen we question abt our stipends is dat,NYDA has not tranferred any money to them…please help…the company’s name is Hola Bon Renaissance situated in johannesburg marshall town…..

  • Mahmood

    morning am Mahmood from Kzn in Ladysmith I want to start my own company based in Plumbing I got certificate for it and experience ,what I need its money to buy all my tools I might need and register it but if I can be assistant I would be happiest person thanks for time alot

  • isaacs

    i am in the business of printing and outdoor advertising and haveapplied to the nyda for a grant,followed every procedure even signed an agreement form eith them now its been 14 months now, what does one have to do to get help from this agency

  • Themba Sibitane

    My name is Themba Sibitane from Mpumalanga at Ehlanzeni region where by I have completed my NQF LEVEL 4 CERTIFICATE in TVET College did Primary Agriculture and now I have a full information and knowledge about mix farming of which now I wana start a cooperative with other young people or my team members that some are still completing the same programme and others have completed it. So I wana check how can we be assisted in finding founds to start our business in the Integrated Farming that will deal with both Growing Vegetables and small Live stock like Chickens, Pigs, Goat and Sheeps and even produce Beef.

    • Happy

      I’m interested,thnk il like to start such a business too ,let’s tok n c wt we cn cum up wit

  • phelisa

    Hi,am a final year student in public management,am good in fashion so I want to start my fashion line can NYDA help me?am so desperate plz people help

  • Mthokozisi

    Guys i have a cab/private taxis business i need funding to get more cars

  • Happy

    Wer do u wna start it ,I’m interested

  • LaNteku Marquez Latinian

    i really need funding to start my business as a supplier of beauty products and other women related products. please help me.