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.
To be eligible for consideration for RIF funding, applicants must meet the specified criteria, including aligning with their region’s priorities.
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.
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.
When Should You Update Your Will? Creating a will is a crucial step in ensuring…
This post was originally published on LinkedIn as an opinion piece by Richard Hoare. The…
New Infrastructure Projects to Transform Tauranga: What You Need to Know. The New Zealand Transport…
The Court Decision The recent Court of Appeal decision in Weine Family Trust v Tadd…
What is the bright-line property rule? Under the current rules, the bright-line tax rule means…
SAFE? A SAFE (Simple Agreement for Future Equity) is an alternative instrument used by startups…