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


Record number of applications received for capital funding

Media Release

For immediate release
18 July 2014

Record number of applications received for major capital project funding

The Rotorua Energy Charitable Trust has received a record number of funding applications following its major capital project funding announcement in March this year.

Four months ago the Trust called for expressions of interests from organisations throughout the Rotorua District with ideas for capital projects that require a grant of more than $750,000.

Since then, 30 organisations have applied to the Trust, seeking a total of $51 million in respect of projects with a total capital cost of $102 million.

Trust chairman Grahame Hall said the Trust last sought input from the community in relation to major capital projects to fund in 2006.

“At that time we received applications seeking $39 million in respect of projects with a capital cost of $166 million,” he said.

“While the Trust was aware of numerous community projects planned for the Rotorua District requiring significant amounts of funding, the level of applications exceeded our expectations.

“The level of funding requested compared with the total value of the projects indicates that many of the planned projects are at the developmental stage.”

Mr Hall said 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.

“The Trust has acknowledged receipt of all applications and will assess these with a view to determine which projects will be supported by the Trust.

“This decision is expected in October with any funding approved being available after March 2015,” Mr Hall said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news