Atlantis Investment IncentivesCity Meets Cape Town Chamber of Business 12th June 2014Alderman Belinda Walker, Mayoral Committee Member for Community Services and Special Projects

Atlantis – Creating Linkage

Saldanha Labour PoolPotential Atlantis Labour Pool

Perceptions of Atlantis

Unemployment % Formal Dwellings

% earning <R3200 p/m

0102030405060708090

AtlantisKhayelitshaCape Town

Incentives

Financial

• Waiver of building plan and land use application fees

• Discounted development charges

(up to R1m debt deferral and/or write-off for civil and electrical DCs)

• Electricity tariff reduction

• Broadband connection fee waiver (located within 300m of City network)

Non-financial

• Single point investment facilitation function (One-stop-shop)

• Development application fast tracking- 5 days building plans - 3 months land-use applications- 2 months environmental

authorization• Regularly updated spatial economic

information

• Access to skills development opportunities

• Biodiversity offset

Uptake

Green Technology Hub

• Gestamp: 220 jobs – 75% from Atlantis

Some Numbers

• 50 companies have taken up incentives

• R5m in savings for companies from financial incentives

• Leveraged R500 million in new industry investment

• Over 500 new jobs

• Retained over 1000 jobs

Way Forward

Partnering with Business

• Mr Atlantis• Atlantis Industrial Initiative• Wesfleur: Mayoral Urban

Regeneration Programme

Next Steps• Marketing plan

• Continual updating and revision of investment incentives (Investor satisfaction survey currently underway)

• Early detection for businesses in distress

• SEZ

• One stop shop

Thank you