Business Retention and Expansion unit helps Cape Town enterprises to save millions
The Business Retention and Expansion (BR&E) unit has facilitated hundreds of business engagements, driving investment and economic activity across key industrial areas such as Atlantis, Blackheath, Epping, and Stikland. Efforts are now expanding to other economic zones including Airport Industria, Montague Gardens, Elsies River Industrial, and Paarden Eiland. Read more below:
‘A standout accomplishment includes the successful integration of Blackheath Industrial into the Eskom load curtailment programme, which fostered a strong relationship with Eskom and set the stage for similar outreach in other areas. Furthermore, the load curtailment programme supports businesses in reducing their energy consumption, leading to significant cost savings. This is shown in the financial impact data collected from three businesses in different areas who saw an average net saving of approximately R19,2 million, significantly boosting their financial stability and operational efficiency,’ said Alderman James Vos, the Mayoral Committee Member for Economic Growth under which the BR&E unit falls.
Looking specifically at the 2023/24 financial year, the unit assisted five Atlantis businesses and investors through its Incentives Programmes, with a total of R19 million in incentives provided.
‘The results from Atlantis alone show the impact of the unit’s work and are a testament to its commitment to long-term relationships and ongoing support for businesses,’ said Alderman Vos.
The BR&E unit’s collaborative approach has also streamlined processes, such as the application for a 650kVA generator for an Atlantis-based company, showcasing effective coordination across City departments.
‘Establishing a manufacturing hub in Cape Town signifies more than just economic growth; it embodies a dedication to innovation, job creation, and sustainable development. Our laser-focused strategy and collaborative efforts not only drive local prosperity but also enhance Cape Town’s global competitiveness in the manufacturing sector,’ said Alderman Vos.
For more information on the Business Retention and Expansion Programme and investment facilitation services, email: In*********************@ca******.za or visit the website at www.investcapetown.com
