Find out how we assess which projects are eligible for Regional Strategic Partnership Fund (RSPF) funding.
Kānoa – REDIU assesses and evaluates a project against how it fits the relevant area of the RSPF and how it meets the following exclusions and eligibility criteria.
Exclusions – what we don't usually fund
Before considering a potential investment, Kānoa will determine whether a project is subject to these exclusions:
- social assets (e.g. schools, early childhood centres, hospitals)
- publicly-funded large-scale infrastructure (e.g. roads, 'Three Waters' or electricity networks)
- skills and training (e.g. work-ready programmes, job matching programmes)
- housing infrastructure
- purchase of land.
In exceptional circumstances, the RSPF may fund these types of investments as a sub-component of a broader proposal if there is no other available government or private sector funding. However, Māori, iwi-owned and Pasifika community assets and freehold land may be eligible for funding because of a lack of alternative funding sources.
At this stage, sectors which have received significant funding over the past three years as a result of increased government investment are not a high priority for RSPF investment. These include tourism, energy, forestry, feasibility studies and business cases.
Eligibility – the criteria projects need to meet
The following criteria are applied in assessing projects.
Located in regional New Zealand
Projects must be located in regional New Zealand. The metropolitan areas of Auckland, Wellington and Christchurch are ineligible for funding. This means the whole Auckland region, the council areas for Wellington City, Porirua, Hutt City, and Upper Hutt, and the Christchurch City Council Area are excluded.
Note that Selwyn and Waimakariri Council areas are eligible for the RSPF.
Alignment with government and regional economic development priorities
Each investment must:
- Support the RSPF’s objective of creating a more productive, resilient, inclusive, sustainable and Māori-enabling (PRISM) regional economies. Read more about the PRISM regional economies framework.
- Align with broader government goals.
- Align with the regional economic development priorities developed by Regional Economic Development Partnerships (and available in existing or refreshed regional economic development strategies and action plans).
Creates additional value and avoids duplicating existing efforts
- Funding must be used to either implement a new initiative or expand an existing one.
- Projects must not duplicate financial support provided by other government agencies.
- Projects should not compete with or crowd out other sources of available capital. Each project must demonstrate why it is difficult for the project to access capital from other sources.
Other funding must be available for the project in addition to RSPF funding. For commercial projects, the requirement will generally be for at least 50% additional funding. For non-commercial projects and Māori-enabling projects, a contribution of 20% is a guideline. Property and in-kind contributions are not considered co-funding.
- An organisation must demonstrate that it has the capability and capacity to deliver and implement the project.
- An organisation must demonstrate it has a sustainable business proposition.
- Generally, firms that Kānoa – REDIU invests in will already be earning revenue.
- The funding is sought for growth funding and/or to accelerate a project.
- A project is largely ready-to-go with relevant consents held, or close to being in place. It must get underway in a timely fashion.
- Public resource should be applied for the best possible public benefit; each investment will be subject to full due diligence.