Enterprise Development Trust
Enterprise development (ED) is about devoting funding, resources, expertise, opportunities and time into helping entrepreneurs establish or grow businesses. In South Africa, ED is primarily targeted at people and start-ups in disadvantaged communities that generally lack the resources to enable fledgling businesses to get off the ground.
South Africa’s specific economic history means that ED initiatives are often part of Broad-Based Black Economic Empowerment strategies within companies, in terms of South African black empowerment legislation.
Enterprise development strengthens communities and enriches general society by:
Making efficient use of capital and resources to grow the general economy throgh localisation.
Creating new value for local communities and the general economy.
Creating jobs and business opportunities in disadvantaged communities that lack the resources to reate new business.
Teaching skills so that workers can access job opportunities and become socially mobile.
Reducing widespread poverty
of the businesses we support are black female-owned
million
in approved funding since 2012
permanent jobs created since 2012
In 2022:
million
in funding disbursed
independent service providers across Africa