Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Rotorua set to benefit from major capital project funding

27 March 2014

Rotorua set to benefit from major capital project funding

The Rotorua District is set to benefit as major capital projects requiring funding in excess of $750,000 now have the opportunity to access grants to get off the ground.

The Rotorua Energy Charitable Trust announced today it is calling for expressions of interests from organisations throughout the Rotorua District with ideas for capital projects that require an injection of major funds.

Trust Chairman, Grahame Hall, said trustees last sought input from the community in relation to major capital projects to fund in 2006. Two projects in excess of $1M each were funded as a result: the extension to Rotorua Museum and completion of the KartSport Track in Mamaku.

“Following our last major funding round in 2006, the global financial crisis hit, and we’ve been unable to offer the same level of major grants until now. That is because the Trust receives its income from the interest and dividends paid on a range of strategically placed investments. Those investments, although invested wisely, certainly took a hit.

“Over the past few years the Trust has concentrated on rebuilding its reserves and we are now at a stage where we can look at providing assistance for larger projects,” he explained.

Mr Hall said the Trust is aware of numerous community projects planned for the Rotorua District which require significant amounts of funding.

“The Trust is now seeking input from the wider community and wants to hear about organisations’ plans for major capital projects.

“We want to ensure all organisations have a fair opportunity to receive grants and that those projects that might be very deserving and positive for the wider community do not miss out.”

Applications to the major capital projects fund will require information about: the project, what funds will be used for, how much is needed, timing of funds required, and where other financial support will be sourced.

The Trust anticipates funds for major capital project requests will not be available until after March 2015.

“Having a long lead-in time for larger funding projects allows trustees to make more informed decisions and ensures the eventual success of the projects.”

Organisations must apply for the major capital projects fund by 30 June 2014.

An application form can be downloaded at www.rotoruatrust.org.nz or obtained by phoning 07 347 6239.

Rotorua Trust provides funding for a wide range of organisations throughout the Rotorua district. It is also the region's most significant provider of student scholarships and support for high-performing youth. The Trust has a proven commitment to ensure every funding dollar is distributed wisely with the goal of helping to make Rotorua a better place to live, work and play.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Budget '17: Budget Spends Down Future Surpluses

Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven Joyce’s election year Budget.

The package of changes to income tax thresholds, the Working for Families programme, and the Accommodation Supplement is the Budget’s political centrepiece and will cost $2 billion a year. More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

ALSO:

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election