Council Supports Business Growth with New Funding Opportunity

The Council has approved $20,000 per annum to be invested into a Business Growth Fund programme to support innovative and forward-looking business people intent on growing their organisations and creating jobs for the Coromandel.

"The programme was outlined and adopted in the 2012 Ten Year Plan and has been established to assist the private sector in creating new jobs on the Coromandel," say Deputy Chief Executive Ben Day.

The funding is to be used for developing new premises or expansion of existing premises and /or related infrastructure or plant that will directly lead to the creation of new jobs on the Coromandel Peninsula.

To be eligible applicants must:

Be active within one of the key sectors of the Coromandel's economy: Tourism and Tourism-related enterprises, Aquaculture, Manufacturing. Forestry, Health, Education, and Information Technology.

The business must either be a new business to the district or one that is not directly competing with other locally established companies.

Be a Small-Medium Sized Enterprise (SME) operating in a commercial environment.
Business owners and/or directors must be resident in New Zealand.

Develop and present a business case/plan

Your business plan should include the following:

Financial viability and proof of a sound track record.

Demonstrate tangible job growth.

Evidence as to why the business needs the funding.

Demonstrate how the funding will add value to existing activities.

Demonstrate how the funding will add value to the Coromandel.

The proposals and business concepts must be consistent with New Zealand laws and regulation.

Applications are open from the 28 July - 30 September 2014 and funding decision(s) made by the Economic Development Committee in October 2014.

We also have investment and economic data available that is useful for business plans: http://www.tcdc.govt.nz/business/Economic-profile-and-data/

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