Source: New Zealand Ministry of Foreign Affairs and Trade – Aid and Development – Press Release/Statement:
Headline: Helping NZ businesses invest in the Pacific
We want to support New Zealand businesses to create economic and social benefits in Pacific countries through commercially sustainable ventures.
To help businesses to invest more and increase their impact in Pacific Island countries, we have introduced the Pacific Private Sector Window.
This offers businesses a non-repayable grant of up to 67% of the total project cost (total project size can be up to NZ$2 million).
As part of this, businesses can get financial support for up to 90% of costs for business case development.
In addition, we can support businesses with our international development knowledge and networks.
The investment must be in an eligible Pacific country, in areas where we see the greatest potential for economic development: agriculture, tourism, fisheries, ICT, energy, trade and labour mobility.
You could consider applying if you are a New Zealand business that is considering long-term investment in the Pacific for the first time. Or you might be a business that wants to grow its existing Pacific operations in a way that increases local development impact.
Or you might be a business that sees an opportunity to bring Pacific producers into global value chains.
Who can apply?
To apply you need to:
- be a New Zealand business
- propose a commercial project within the six targeted investment areas in an eligible Pacific island country
- have an in-country partner/or partners
- meet financial and due diligence requirements sufficient to justify funding, and demonstrate ability to meet the matched funding requirements
- demonstrate that your project is new and additional to your business as usual.
See a printable information sheet
Closing dates
There are two funding rounds a year. The closing dates for applications are:
- 15 April 2016
- 16 September 2016
If you want to talk more about whether the Pacific Private Sector Window might be right for your business, contact us at nzpfid@mfat.govt.nz.
Read more
For more information on the Pacific Private Sector Window (PPSW) see the following links.