Applying for the Regional Infrastructure Fund
The Regional Infrastructure Fund (RIF) is now closed to new applications.
We are currently focused on progressing existing project applications.
Applicants whose projects are being progressed will receive updates on the status of their applications.
Continued progression does not guarantee funding. Applications remain subject to assessment, due diligence and final approval. Organisations interested in discussing future regional development opportunities can continue to contact their regional Kānoa advisor. However these will not be prioritised for funding from the RIF.
Managing expectations
- Submitting a full application form does not guarantee your project will be approved or receive funding from the Regional Infrastructure Fund.
- If you are successful in receiving an approval and a funding offer from the Regional Infrastructure Fund, you may not receive your favoured funding arrangement.
Decision timeframes
Kānoa aims to have final decisions within 3 months of receipt of receiving a fully completed application from applicants.
Terms and conditions
View the terms and conditions for a Regional Infrastructure Fund application.
Regional Infrastructure Fund Terms and conditions [PDF, 211 KB]
Evaluation and consideration process
- 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.
- Senior government officials are able to make decisions on eligible grant investments of up to $3 million.
- The Regional Development Ministerial Group (RDMG) will make decisions regarding eligible loan and equity investments up to $35 million and grants over $3 million. Note: grants of any amount will only be considered under extremely limited circumstances.
- Cabinet will make decisions on all eligible investments over $35 million recommended by the RDMG.
- Applicants will receive a letter notifying them of the outcome of processing their application following a formal decision.
Executing the funding agreement
Following funding approval, successful applicants will receive a formal notification letter from Kānoa (including any conditions of the approval). Kānoa will engage with successful applicants to commence funding contract negotiations and next steps.