4th December 2014
FOR IMMEDIATE RELEASE
$50,000 grants available for Pacific businesses through Business Accelerator Programme
The Pacific Cooperation Foundation (PCF) has launched the Business Accelerator Programme, giving access to grants of up to $50,000 (NZD) to eligible Pacific businesses focused on export growth & import substitution.
The programme is aimed at businesses that traditionally may have found it difficult to access resources, allowing them to fund services and technical capabilities to grow.
Grants can be used for business development needs such as consultancy, mentoring, technical support, business and leadership development, sales and marketing.
For each application, the business must show how it will increase their total turnover, profitability, export / import substitution and employment opportunities.
Pacific Cooperation Foundation Chief Executive Laulu Mac Leauanae says the development of the Business Accelerator Programme compliments the work PCF does helping people from the private and public sector to connect and promote Pacific businesses and communities in the region.
“The Business Accelerator Programme will support businesses in the region that may have otherwise had difficulty accessing the resources needed to grow,” says Mr Leauanae.
“It supports the wider activity of PCF as we work collaboratively with the public and private to deliver sustainable growth for the region. It’s an exciting time for Pacific business.”
The programme is open to Pacific based businesses that are:
Already established and have traded as a business for three years or more
Able to provide financial accounts for the last three years
Able to provide a minimum contribution of 20% towards the proposed business accelerator project the fund is requested for (either in-kind or in-cash)
Able to demonstrate export growth or import substitution
All applications will be judged by the PCF Board on a case by case basis. Applications close Friday 9th January 2015. For more information or to apply visit www.pcf.org.nz
For more information:
Pacific Cooperation Foundation
ABOUT PACIFIC COOPERATION FOUNDATION (PCF)
The Pacific Cooperation Foundation is an independent public/private sector trust whose mission is to promote wealth creation in Pacific communities, co-ordinating and connecting the public and private sectors and to strengthen New Zealand’s engagement with Pacific communities through joint venture and own initiatives in business and other fields. Formed in 2002, PCF was formally launched by the Governor General in August 2003. www.pcf.org.nz