Improved business environment and investment climate, making the business sector in Dodoma and Kigoma ready for further growth and competiveness and in doing so capacitating the LGA's to support this development.
LIC has established a specific fund known as Small Industrial Facilitation Fund (SIFF) with the objective of catalyzing investments in local business facilities in selected value chain to unlock the flow of investments into the local economy. The targeted SIFF business facilities can be owned or operated by public entities such as an LGA, private investors, or through partnership arrangements (e.g, Public Private Partnerships, PPP). The SIFF has set aside funds that will support investments in strategic areas identified under LIC in selected LGAs. Initially, LIC will target Dodoma, Kongwe, Kigoma-Ujiji and Kasulu LGAs (districts), but ultimately it is expected that LIC will operate in all districts in the two Regions. The investments are intended to catalyse increased resource flows that will propel business and economic growth. The investments will be awarded as matching grants to those who meet specified criteria and for a maximum period of the 4 initial years of LIC implementation.
The SIFF will provide financial support to specific initiatives that enhance the performance of local clusters operating in selected value chains. Local clusters require investments that can enhance the opportunities for increased investment and participation by local business. This may involve the removal of legal, regulatory or administrative bottlenecks and strategic investments to improve the functioning of value chains (e.g., subsidizing inputs, developing market linkages, promote new technology, green investments both at producer as well as processors level, new varieties of approved seed, and demonstration plots).