The new $1.2 billion Regional Infrastructure Fund (RIF) is open for applications. The RIF aims to improve New Zealand’s economy by investing in both new and existing infrastructure projects focused on enhancing regional growth, resilience, and productivity within the regions. The RIF presents a crucial opportunity to fund projects that will benefit regional businesses, organisations and communities.
Administered by Kānoa – Regional, Economic Development & Investment Unit (Kānoa), the RIF, in contrast to its predecessors (Provincial Growth Fund and Regional Economic Development fund), primarily offers capital funding through loans and equity investments, with grants available in limited cases.
Eligibility Criteria
To be eligible for consideration for RIF funding, applicants must meet the specified criteria, including aligning with their region’s priorities.
The regional priorities for Bay of Plenty / Te Moana-a-Toi include:
- Accelerate a globally focused, high-value wood products industry
- High-value horticulture product delivery
- Diversifying the Māori economy
- Driving sustainable aquaculture opportunities
- Tourism and logistics
The regional priorities for Waikato include:
- Logistics and distribution
- Sustainable food and agriculture / land use
- High value manufacturing
- Technology, digital, and I.C.T
- Energy and sustainability
- Tourism
The early focus areas of the RIF will include flood resilience and Māori economic development. While certain types of projects are not eligible for RIF support, it is good to see that rural community-owned water assets and water assets linked to RIF projects which are not “business as usual” remain eligible.
Need Assistance?
With applications now open for RFI support, if you are considering applying and would like assistance, reach out to our Commercial Team. We have plenty of experience in accessing funding from Kānoa and assisting clients through this process.
Contact James Dow or La Toya Waho for more information.