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

Gordon Campbell:
On Tomorrow’s Speeches By John Key And
Andrew Little

The Key government has already kicked off the political year on a stridently ideological note, with Environment Minister Nick Smith choosing to lay all manner of sins at the door of the Resource Management Act.

Tomorrow, the government will wheeling out its best salesman – Prime Minister John Key – to sell its plans for state housing, which happens to be another of the government’s most contentious, most ideologically-driven policy packages. Presumably, Key will be trying not to double down on the rhetoric, and thereby leave room for Labour leader Andrew Little to sound like the centrist voice of reason.

Key will have his work cut out, though. More>>

 

Transport: Auckland Looks To Light Rail

The Board of Auckland Transport has called for an investigation into a light rail network, which could relieve traffic congestion on some of the region’s busiest roads. This stems from work in 2012 (the City Centre Future Access study) which responded to a government request to develop a robust and achievable solution for access to the CBD. More>>

ALSO:

RMA: Smith's Claims Don't Match Evidence - Greens

The Motu group’s research into the impacts of planning rules looked at the costs related to housing development but not the benefits of environmental protections and does not recommend significant changes to the RMA to reduce the cost of new house builds. More>>

ALSO:

Gordon Campbell: On The Similarities Between John Key And David Cameron

For years now, David Cameron has been the closest available thing to a mentor/analogue to our Prime Minister, such that Key watchers could be interested in an analysis of Cameron that appeared in the British press over the Christmas break. More>>

Gordon Campbell: On Ian Fletcher Resignation & GCSB’s New Role

It may well be that after being shoulder-tapped in Queensland for the GCSB job, three years of living in Wellington has been enough for Fletcher and his family, given that the pending review of the GCSB would have required an even longer commitment from him. Three years of Wellington’s weather is enough for anyone... More>>

ALSO:

Ian Apperley: $10m Or $100m For New Wellington Council IT System?

I feel a Tui Billboard coming on. I commented the other day that it looked like the Council’s Ninth big project was a potential $100 million plus... The Mayor has responded: “I am reassured by the Chief Executive and by Anthony Wilson that the proposed budget is in the region of $10 million.” More>>

ALSO:

Southern Ocean:
Navy Intercepts Illegal Fishing Vessels

Foreign Minister Murray McCully today put illegal fishing vessels operating in the Southern Ocean on notice and vowed to take action against their owners. “As part of a multi-agency operation, the HMNZS WELLINGTON has intercepted two vessels claiming to be flagged to Equatorial Guinea, fishing illegally in the Southern Ocean.” Mr McCully says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news