Cross-Sector Initiative: GIF Sector Project Fund
[ Last Updated 14 October 2005 ]
The GIF Sector Taskforces see the industry-governed bodies as taking a prominent and proactive role in delivering on their sector growth strategies.
These bodies are likely to carry out a range of practical projects directed at such things as enhancing sector networks and building capability, for example building management and leadership skills.
Funding for some of these projects will be met from government baseline funding for the industry bodies. Additional funding will be provided from two sources, industry sponsorship and the new $1.5 million per annum government GIF Sector Project Fund. The GIF Sector Project Fund will ensure that the industry bodies are not constrained in their endeavour through lack of resources.
The fund will be administered by New Zealand Trade and Enterprise (NZTE) according to strict criteria, and requests for funding will only be accepted from the new GIF Sector industry bodies. Funding requests will need to be consistent with or build on Taskforce recommendations and the value proposition of the industry bodies to coordinate and drive the implementation of their individual sector growth targets. It is expected that this fund will provide some incentive for the industry bodies to consider joint projects.
NZTE is currently working on the specifics of the allocation criteria for this fund. These will be finalised in November 2003.
Cost: $1.5million per year for 10 years
Contact: Neil Maxwell, General Manager Sectors, New Zealand Trade and Enterprise, 04-910 4340.
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