Pacific Private Sector Window Fund
We worked with the Ministry of Foreign Affairs and Trade (MFAT) to find New Zealand businesses that wanted to invest in Pacific Island countries.
What was the fund?
The Pacific Private Sector Window (‘PPSW’) fund provided grants of up to NZ$1 million for the following investment areas:
- Renewable Energy
- Information & Communication Technology
- Tourism, and
- Trade & Labour Mobility.
The PPSW was a contestable fund that aimed to achieve development impact in Pacific Island countries by catalysing New Zealand private sector investment of knowledge, capital resources, and expertise in these countries. It offered co-investment in business ideas (ventures) that had positive economic and social impacts in Pacific Island countries and were are expected to be commercially sustainable.
A strong partnership with an in-country partner was considered critical to success – in utilising local business knowledge, skills and resources and in maximising local benefits.
Which Pacific Island countries qualified?
The eligible Pacific Island countries were: Cook Islands, Fiji, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tokelau, Tuvalu, Vanuatu and Papua New Guinea.
What businesses were we looking for?
The fund aimed to support New Zealand businesses to:
- Grow their existing Pacific operations through a new approach that increased local development impact
- Source from Pacific producers and/or bring those producers into global supply chains or
- Make an investment in Pacific Island countries for the first time (building on a good track record of delivery).
MFAT was seeking to work with responsible businesses. These were enterprises that maximised positive impacts and avoided adverse impacts. Enterprises could create or be involved with: positive impacts (for example through job creation, human capital development, raising investment and fostering innovation) or adverse impacts (for example related to human rights, workers conditions, the environment, bribery, disclosure and consumer rights).
How was Ākina helping?
We acted as a bridge between MFAT and businesses that could benefit from accessing this funding. Our aim was to help businesses with the application process as we understand both business needs and development needs.
This included providing free advice and support to applicants to help them develop their concepts. We also provided Pacific Island business and development context and advice.
For more information about the Pacific Private Sector Window Fund, email email@example.com
You can also read more in these Guidance Notes.