APPLY TO THE FUND - Current call for proposals
Industry Change for Scaling Inclusive Job Creation Models
Inclusive growth entails actively pursuing opportunities that facilitate the inclusion of previously excluded individuals and/or businesses to participate in the economy. The concept of inclusive growth is underpinned by job creation including, improving skills for productivity and competitiveness; wider and equal access to economic infrastructure and social services; improved access to business opportunities; and wider access to productive knowledge.
The Jobs Fund seeks to partner with intermediaries that will focus on high growth sectors. Applicants that present an intervention located in a high growth sector which also has high labour absorptive capability will be highly competitive. We are also particularly interested in receiving proposals from organisations focused on improving market systems for job creation.
This systemic approach to job creation is one where a range of interventions in an identified target system are undertaken that facilitates improvement in the functioning of the whole system/sector. This approach helps to deal with market barriers and growth challenges in sectors, sub-sectors, value chains, geographic corridors, or other systems. The idea is adopted from the development world where a “making markets work for the poor (M4P)” approach improves the functioning of a core market to work inclusively for the poor (The Springfield Centre, 2015)1, and in the case of the Fund, for the unemployed (M4U). A market system is a multi-function, multi-player arrangement comprising the core function of exchange by which goods and services are delivered and the supporting functions and rules which are performed and shaped by a variety of market players.” Intermediaries should demonstrate how they might package a project that will consider all issues that could potentially be barriers to market growth - including regulations and policy; skills; market information; infrastructure; access to finance; rules and norms; and effective supply and demand.
Achieving scale in projects or implementing scalable solutions for job creation: For the Jobs Fund achieving scale means reaching a large number of unemployed people. Therefore an application will be assessed in respect of whether:
- It is allocating and optimising resources to drive the greatest results across a sector; industry, geography or value chain;
- Are partners being leveraged to multiply the outcomes – operating at scale is about optimization not duplication of effort?
- Are costs being kept low or unchanged while increasing results (economies of scale)?
- Is the core design/infrastructure of the initiative able to scale-up without significant additional investment?
- Is the job creation model repeatable/replicable;
- It distinguishes between growth and scale where growth means you’re adding resources at the same rate that you’re adding revenue or creating jobs, while scaling is about achieving results at an exponential rate while adding resources only at an incremental rate.
Our funding windows
For this funding round applications may be submitted through the following funding windows: Enterprise Development; Support for Work Seekers; Infrastructure; Institutional Capacity Building. However given the Fund’s emphasis on a systems/M4U approach your application should reflect how you will intervene at multiple points in the system to give effect to sector/industry; value chain wide systemic impact.
- Support for Work-seekers: The Jobs Fund will partner with intermediaries and co-finance innovative initiatives that support work-seekers and which are specifically linked to employment outcomes. These may relate to entrepreneurial development, training (although not in isolation), or job placement services. Initiatives must be linked to the realities of the market, and should target unemployed women an youth, those who have never worked before and the unemployed.
- Enterprise Development: These innovative initiatives are preferably led by the private sector or NGOs, in order to leverage the partners’ capacity for innovation, investment and risk-taking. Initiatives under this window will result in sector/industry wide impact and scale.
- Infrastructure Development: The Jobs Fund will partner with intermediaries to co-finance investment in economic infrastructure which will unlock and catalyse job creation. “Infrastructure” initiatives that focus on those factors that will directly contribute toward reducing the impact of spatial inequality; enabling productivity in the economy and or infrastructure which ‘crowds in’ private sector activity in a particular area will be more favourably considered.
- Institutional Capacity Building: The Jobs Fund will partner with intermediaries to co-finance investment in building capable institutions. The Jobs Fund aims to catalyse and incentivise innovative approaches which combine commercial sustainability with job creation potential.
How do you qualify for funding
At a minimum, applicants and applications must meet all of the following criteria:
- The minimum funding request is R10 million;
- Projects will be given a maximum of three years (36 months) to implement and deliver the direct jobs promised;
- The applicant must be an intermediary i.e. sector/industry specialists, industry association, financial intermediaries, implementing agent for making markets work for the poor (M4P) approach to development;
- Applicants must demonstrate the ability to secure matched funding at a minimum matched funding ratio of 1:1.
Doing business with the Jobs Fund
- Two stage application process (Concept Note and full Business Case Appraisal) to assess eligibility and proposed impact of the projects.
- Due diligence is conducted to verify plausibility of proposals, job targets and validity of partner details.
- Partner administration systems must support good governance and robust monitoring and evaluation must be built into project design.
- FICA compliance is essential.
Tel: 012 406 9166