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Pacific Aotearoa Regional Enterprise Fund

Pacific Aotearoa Regional Enterprise Fund

The Pacific Aotearoa Regional Enterprise Fund has now closed

The Pacific Aotearoa Regional Enterprise Fund was set up for existing small and medium sized Pacific businesses in the regions to stimulate growth and thrive in response to the impacts of COVID-19.

The aims of Pacific Aotearoa Regional Enterprise Fund were to:

  • Increase productivity and jobs creation.
  • Improve Pacific peoples’ participation in the labour market.
  • Increase participation of Pacific businesses in economic development projects in the regions.
  • Support the scaling up of Pacific businesses to transition and diversify and create jobs.
  • Strengthen more successful and sustainable Pacific-owned businesses.
  • Strengthen the resilience of Pacific businesses to the economic impacts of COVID-19.

Applicants were able to apply for up to $100,000 and required to contribute a minimum of 20% of the requested amount.

Applications closed at 5pm, 25 March 2022.

Please contact [email protected] if you have any questions.

About the fund

To be eligible, businesses must have:

  • Aligned with MPP’s Lalanga Fou Goal: Prosperous Pacific Communities
  • Been a Pacific business located in regional New Zealand outside of Auckland, Wellington and Christchurch.
  • Been a Pacific Business operating in commercially in New Zealand and are GST registered
  • Been a limited liability and partnership business with a minimum of 50% Pacific ownership or
  • Been a sole trader with full Pacific ownership.
  • Had a turnover of $70,000 per financial year.
  • Been trading for at least 12 months.
  • Provided an up-to-date business plan.
  • Provided 12 months audited financial statements.
  • Demonstrated capacity and capability to create employment opportunities for Pacific peoples.
  • Demonstrated commitment to improving Pacific participation in the labour market.
  • Demonstrated that funding will increase productivity and job creation within 3-6 months of receiving the funds.
  • Demonstrated funding will build capacity and capability to participate in economic development projects in the regions.
  • Demonstrated that funding to purchase equipment will lead to creation of jobs for Pacific peoples.
  • Demonstrated good health and safety practices.

*Pacific ownership is defined by people of Pacific descent.

Check out frequently asked questions for the Pacific Aotearoa Regional Enterprise Fund

The Pacific Aotearoa Regional Enterprise Fund was available for Pacific business project or initiative that: 

  • Aligned with MPP’s Lalanga Fou Goal: Prosperous Pacific Communities
  • Increased productivity and jobs creation.
  • Improved Pacific peoples’ participation in the labour market.
  • Increased participation of Pacific businesses in economic development projects in the regions.
  • Supported the scaling up of Pacific businesses to transition and diversify and create jobs.
  • Strengthened more successful and sustainable Pacific-owned businesses.
  • Strengthened the resilience of Pacific businesses to the economic impacts of COVID-19.
  • Could commit to co-contributing 20% of the requested funding.

Applicants could apply for up to $100,000 and were required to contribute a minimum of 20% of the requested amount.

Check out frequently asked questions for the Pacific Aotearoa Regional Enterprise Fund

The Pacific Aotearoa Regional Enterprise Fund was not available for:

  • A business idea or a feasibility study.  
  • A financial subsidy for salaries and wages.  
  • Travel, accommodation, or fact-finding tours.  
  • Social housing (however, 3rd party construction and infrastructure contractors providing labour and equipment to the build may have been eligible).  
  • Infrastructure: roads, bridges, power stations, water storage or supply (however, 3rd party construction and infrastructure contractors providing labour and equipment to the build may have been eligible).  
  • New mineral or other exploration (but could have expanded or pivoted an existing exploration business)  
  • Renovation or remediation of commercial buildings where the focus was not productive expansion and jobs.  
  • Programmes and activities delivered overseas including the NZ realm countries.
  • Wages, salaries, infrastructure and fixed assets.
  • Academic research and other academic activities.
  • Debt repayment or debt servicing. 

Check out frequently asked questions for the Pacific Aotearoa Regional Enterprise Fund

If you need more information about the Pacific Aotearoa Regional Enterprise Fund, email [email protected]

Check out frequently asked questions for the Pacific Aotearoa Regional Enterprise Fund

Fund recipients

Recipients for Round 1 of the Pacific Aotearoa Regional Enterprise Fund which closed on 25 March 2022 are as follows:

Group

MPP Region

Town / City

Ethnicity

$ Funding paid by the Ministry (excluding GST)

Project Theme

A1 Wrap 2021 Ltd

Bay of Plenty

Tauranga

Samoan

$53,899.70

Capital expenditure

Back 2 Back Hardware Ltd

Waikato

Waikato

Samoan

$53,674.78

Capital expenditure

Boydie’s Building and Reno Ltd

Bay of Plenty

Tauranga

Niuean

$42,213.43

Capital expenditure

Brothers Construction Ltd

Bay of Plenty

Tauranga

Tongan

$55,562.61

Capital expenditure

Deep Dive Division Ltd

Waikato

Waikato

Samoan

$80,000.00

Capital expenditure

Edify NZ Ltd

Waikato

Tokoroa

Cook Islands, Tongan

$20,424.30

Capital expenditure

Harvest Northland Ltd

Northland

Kaipara, Whangārei

Tokelauan

$69,565.22

Capital expenditure

Ilissia’s Canteen and Catering Ltd

Waikato

Hamilton

Samoan

$59,588.87

Capital expenditure

Impact Hub Waikato

Waikato

Tokoroa

Samoan

$66,361.33

Capital expenditure

Keteni Food Imports Ltd

Otago

Otago

Fijian

$7,150.32

Capital expenditure

LM Plasters Ltd

Northland

Kerikeri, Karikari, Doubtless Bay

Samoan

$49,186.52

Capital expenditure

NEST Interiors & Design Ltd

Waikato

Hamilton

Tongan

$34,317.62

Capital expenditure

Island Donut Crunch

Manawatū

Palmerston North

Cook Islands

$6,978.77

Capital expenditure

Passive House Builders Ltd

Bay of Plenty

Tauranga

Niuean

$48,385.60

Capital expenditure

Puatala Ltd

Waikato

Hamilton

Samoan

$60,863.44

Capital expenditure

RTT Trading Co Ltd

Southland

Invercargill,  Dunedin

Kiribati

$18,782.61

Capital expenditure

Stowers Fencing & Yard Maintenance Ltd

Waikato

Waikato

Samoan

$29,919.13

Capital expenditure

TAUA Developments Ltd

Bay of Plenty

Tauranga

Niuean, Cook Islands Māori

$69,161.43

Capital expenditure

Yorke Stone Associates & Chartered Accountants Ltd

Northland

Whangārei

Cook Islands

$14,179.20

Capital expenditure

 

 

 

TOTAL

$840,214.88