Aquaculture Development and Enhancement Programme
The Aquaculture Development and Enhancement Programme (ADEP) is an investment based cash incentive programme available to those companies engaged in primary, secondary and ancillary aquaculture activities. Registered higher education institutions and licensed and/or registered research institutions may qualify. Qualifying activities may be either marine or freshwater based and include Fish hatcheries and fish farms together with the production, processing and preserving of aquaculture fish. The ADEP is available to both new and expanding operations supporting investment in:
Qualifying companies may recover an incentive of 20% - 45% of qualifying costs, to a maximum incentive of R 40 million (Determined against the size of the qualifying investment). Application is required to be submitted at least 60 days prior to the commissioning date of the qualifying investment.