Ministry for Pacific Peoples — Tauola Business Fund - Round 2 Learn about the Tauola Business Fund Round 2 Skip to content

Tauola Business Fund - Round 2

Tauola Business Fund - Round 2

The Tauola Business Fund was established as part of the Ministry’s Pacific Business Village framework, for the purpose of direct investment into Pacific businesses across Aotearoa to increase regional productivity, scale businesses, and ensure participation in economic development projects.

Round 1 of the Fund closed on 27 May 2022 and a second round of funding was announced on 18 November 2022.

The aims of the Tauola Business Fund Round 2 are to:

  • create employment pathways for Pacific peoples
  • improve Pacific peoples’ participation in the labour market
  • increase productivity and stimulate growth
  • strengthen Pacific-owned businesses to be more successful and sustainable
  • increase resilience through the economic shocks

Applicants are able to apply for an amount up to $100,000 excluding GST and are required to contribute a minimum of 15% of the requested amount.

Applications opened on Friday 18 November 2022, and close at 7pm on Friday 20 January 2023.

Evaluation criteria

The evaluation criteria for the fund consists of two areas:

  • The financials outlined in Section 3 of the application form will be weighted at 20% (these documents will be requested from eligible applicants after you apply)
  • The funding criteria in Section 4 of the application form are weighted at 80% 

This means that your application will be scored against how you answer the questions in Section 4, and the advice we receive from the Ministry's finance team in relation to your financials.

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If you have any questions about the fund or the application process, please check out our Tauola Business Fund booklet, and our frequently asked questions about the fund.

Alternatively, you can email [email protected].

About the fund

The aims of the Tauola Business Fund are to:

  • Create employment pathways for Pacific peoples 
  • Improve Pacific peoples’ participation in the labour market
  • Demonstrate capability and capacity to increase productivity and stimulate growth
  • Strengthen Pacific-owned businesses to be more successful and sustainable
  • Increase resilience through the challenges of COVID-19

Applicants are able apply for up to $100,000 excl. GST and are required to contribute a minimum of 15% of the requested amount.

Applications opened: 11.00 am on Friday, 18 November 2022

Applications close: 7.00 pm on Friday, 20 January 2023

Applicants will be notified of the outcome of their applications on or before Friday, 24 February 2023

To be eligible for the Tauola Business Fund, applicants must:

  • be a Pacific business (defined as minimum of 50% Pacific ownership)
  • sole traders must be 100% Pacific owned
  • operate commercially in New Zealand and be GST registered
  • commit to co-contributing a minimum of 15% (excluding GST) of the requested funding amount
  • have a turnover of at least $60,000 per financial year
  • have been trading for at least 12 months
  • not be a current funding recipient of the Ministry for Pacific Peoples

Applicants can apply by completing the online application form or via email using a downloadable version in MS Word or PDF format (see below). 

You'll need to apply by 7pm, Friday, 20 January 2023. Late submissions will NOT be processed, so please make sure you get your applications in early.

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Before starting your application, we recommend reviewing the frequently asked questions about the fund.

If you cannot complete the online form, please download and fill in your choice of MS Word or PDF form, making sure you submit the completed form and supporting documents to [email protected] by the due date.

Downloadable application forms: MS Word versionPDF version

You'll also need to provide supporting documentation as part of your application. Please see the next section on this page for more information.

You will be required to upload the following documents as part of your application:

Supporting Documents

  1. a character reference from an independent person who knows the primary applicant and is familiar with the business applying for this funding. Your referee cannot be a family member. The reference needs to be uploaded to the application form using the template below:

    Character reference template: [Download MS Word format]  |  [Download PDF format

  2. a copy of your Certificate of Incorporation, if applicable (not applicable to Sole Traders) - you can obtain a copy of this from the NZ Companies Office.

IMPORTANT: You'll be required to provide all applicable supporting documents before we can process your application.

If you need assistance with your application or supporting documents, please email [email protected]

Financials

Following your application submission, if your business is eligible for further assessment, you will be asked to provide the following documentation:

  • Balance Sheet Statement for two consecutive periods [01 April 2021 – 31 March 2022 and 01 April 2020 – 31 March 2021]
  • Profit and Loss Statement for two consecutive periods [01 April 2021 – 31 March 2022 and 01 April 2020 – 31 March 2021]
  • Cashflow Statement
  • Budget for the current financial year
  • Two formal quotes from two different third-party suppliers who will be paid out of the funding, as part of your funding proposal.

If this information is required, we will request via email. Please DO NOT upload this information within the application form.

However, please prepare the above documentation ahead of time, to expedite the assessment process if and when it is requested. The Ministry’s Finance team will provide advice to the Tauola Business Fund team on your documentation.

Acceptable Document Formats

Please make sure your documents are only saved in .doc, .docx, .jpg, .png or .pdf file format and please include your full organisation name in the filename before uploading. This will help us match up your documents with your application form when processing. Please also make sure attachments are no larger than 4MB in file size.

Supporting documentation can be emailed

If your documentation won't upload to the application form, or contains information you consider private or sensitive, or you have additional supporting documentation to attach, please email it to [email protected], using your name or organisation name in the subject line so we can match it with your application.

The Tauola Business Fund is available for Pacific businesses who can demonstrate the following:

  • An ability to create employment opportunities for Pacific peoples
  • A commitment to improving Pacific participation in the labour market
  • An ability to increase productivity and scale up
  • Job creation within 6 months of receiving funding
  • Build capacity and capability to participate in economic development projects
  • Good health and safety practices.

Note: This is not an exclusive list.

The Ministry has previously funded the following through the Tauola Business Fund:

  • An online user interface system
  • Excavator and a digger
  • Screen printing technology
  • Laptops
  • Heat press machine
  • Camera
  • Delivery truck
  • Float and ice baths
  • Gym equipment

The Tauola Business Fund is not available for:

  • new business idea/s
  • feasibility studies
  • financial subsidies for salaries and wages
  • travel, accommodation, or fact-finding tours
  • social housing*
  • infrastructure: roads, bridges, power stations, water storage or supply*
  • new mineral or other exploration (but could expand or pivot an existing exploration business)
  • renovation or remediation of commercial buildings where the focus is not productive expansion and jobs
  • programmes and activities delivered overseas, including the New Zealand realm countries
  • digital capability and marketing, financial literacy, business mentorship, project management, strategic and business planning, health and safety and human resources capability**
  • infrastructure, fixed assets, and capital expenditure
  • academic research and other academic activities
  • debt repayment or debt servicing
  • rent/leases

*Third-party construction and infrastructure contractors providing labour and equipment to the build may be eligible.

** Support and funding are available within our Pacific Business Village for these services.

Successful applicants will be required to:

  • update their contract manager verbally each month in regard to the intended outcomes of the fund
  • complete quarterly reports (provided by the Ministry) based on the goals and objectives outlined in their application for the term of the contract (12 months).

If you need more information about the Tauola Business Fund, please email [email protected].