Applying for the NIWE Primary Producer Finance Scheme
The Scheme was initially open for applications and expressions of interest for 6 weeks, from 31 July to 8 September 2023, and was then re-opened for expressions of interest only from 2 October to 27 October 2023. Those invited to submit an application had to do so by 1 March 2024. The total funding available is $240 million and must be committed by 30 June 2024.
All eligible expressions of interest have been invited to apply. For those who have been invited to submit an application, submissions have now closed and are under evaluation, and one of our advisors will contact you in the coming weeks to let you know what the next steps are.
The Scheme process below shows you what you can expect from us.
About the evaluation and consideration process for applicants
- Applications will be formally evaluated against eligibility criteria.
- As part of the evaluation, Kānoa officials will undertake standard due diligence and financial due diligence processes.
- Kānoa may seek independent commercial advice when considering the proposal's viability.
- Application approvals will be made by Joint Ministers
- Applicants will receive a letter notifying them of the outcome following a formal decision.
Executing the Funding Agreement
- Following Ministerial / Cabinet approval, successful applicants will receive a formal notification letter from Kānoa.
- Applicants will be contacted by a Kānoa official to commence contract negotiations.
- If any terms of the Ministerial approval change during contract negotiations, the proposal will need to be submitted for reconsideration appropriately by Joint Ministers.
- Applicants will receive a deliverables timeline and information about reporting obligations upon contract execution.
Support available to you
If you have questions or want to know the status of your application, you can get in touch with our Kānoa advisors who are present in the regions.