At a local Cape Town factory this week, James Vos, the City\u2019s Mayco member for economic growth, unveiled the draft Manufacturing Support Policy, setting out a refreshed approach to attracting investment, supporting manufacturers, and creating jobs in the metro.<\/p>\n\n\n\n
The policy builds on the 2018 Investment Incentives Policy but shifts the focus toward non-financial support and practical facilitation that investors say matters most.<\/p>\n\n\n\n
\u201cCape Town is open for business,\u201d Alderman Vos said. \u201cOur Investment Facilitation Branch has been working to cut red tape and fast-track approvals. This new policy takes the next step by giving businesses the tools and support they need to grow and hire locally.\u201d<\/p>\n\n\n\n
While the 2018 incentives successfully drew investment, they were costly and sometimes led to limited job creation. Businesses told the City that faster approvals, guidance on permits, and hands-on facilitation were the support mechanisms they valued most.<\/p>\n\n\n\n
The draft Manufacturing Support Policy proposes to expand support to all 33 industrial areas in Cape Town to promote balanced growth.<\/p>\n\n\n\n
It will prioritise non-financial assistance, including streamlined approvals and active investment facilitation, and focus on creating sustainable jobs.<\/p>\n\n\n\n
Furthermore it proposes the introduction of financial measures where they deliver real value, such as development application fee waivers, as well as offering a generic Environmental Management Programme for Atlantis-based projects requiring biodiversity offsets.<\/p>\n\n\n\n
\u201cThis is a practical, cost-effective, and jobs-focused policy,\u201d Vos said. \u201cIt strengthens Cape Town\u2019s competitiveness as a manufacturing hub while helping local residents access meaningful work.\u201d <\/p>\n\n\n\n
The draft policy is open for public comment until 3 December 2025.<\/p>\n\n\n\n
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