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

#SaveCampbellLive : Mediaworks Delivered 104,000 Petition Signatures At TV3's Newton HQ
#PonyTailGate #TailGate Full Coverage

Pukeahu Park : ANZAC 100th Anniversary Dawn Service In Pictures

Roughly 18,000 people gathered this morning at Pukeahu Memorial Park for the Anzac day centenary. Anticipating the large turnout, patrons arrived as early as 4.30. It was virtually impossible to get near the Memorial after 5am. By 6, the crowds on Taranaki Street had stretched as far back as the Z Petrol station.

The screens erected around the park displayed the live events to those who had turned up. The heat generated by the huge number of people caused many to take a turn. Medics and ambulances were on hand for the fainting crowd members. Only twenty minutes into the ceremony, one medic said they had already dealt with 15 to 20 spells. More>>

 

PARLIAMENT TODAY:

War: What’s To Commemorate?

Gordon Campbell in Werewolf: Is there anything that can be validly commemorated on this 100th anniversary of Gallipoli? Beyond, that is, a fleeting sense of empathy with the thousands of soldiers killed or wounded on April 25 1915 and in the months thereafter, until the whole thing was finally called off in December 1915. More>>

MORE IN WEREWOLF:

ALSO:

Peter Ellis Case: Minister Declines Request For Commission Of Inquiry

Justice Minister Amy Adams has declined a request from supporters of Peter Ellis for a Commission of Inquiry on the basis that an inquiry cannot be used to determine the liability of any person. More>>

Quakes: New Process For Red Zone Crown Offers

Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

ALSO:

Gordon Campbell: On The Battle Obama Is Waging Over The TPP

For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

ALSO:

Greens: Govt Breaks Free Doctors Visit Promise To Kids

Documents obtained by the Green Party show that the Government decided to fund only 90 percent of doctors’ visits for children suffering from an injury in an attempt trim the cost of the so-called “free” visits. More>>

ALSO:

Other Wars: Extension Of NZDF Commitment In Afghanistan

The New Zealand Defence Force’s commitment of mentors and support staff to the Afghan National Army Officer Academy in Afghanistan has been extended out to December 2016, Defence Minister Gerry Brownlee says. More>>

PM's Press Conference: Auckland Property Prices Increasing "Too Rapidly"

John Key accepted that Auckland property prices 'are going up too rapidly” in a press conference held today in Wellington, however he said that this is not anything new. More>>

ALSO:

Press Conference: ANZAC PMs Concerned About ISIL Bringing The War Home

Prime Minister Key and Prime Minister Abbott spoke of the bond formed between Australia and New Zealand in the “baptism of fire” of Gallipoli. Abbott stated that New Zealand and Australia’s values and interests are linked, and this is reflected in the joint operation in Iraq which will begin shortly. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news