Pacific Private Sector Window Fund
We are working with the Ministry of Foreign Affairs and Trade (MFAT) to find New Zealand businesses that want to invest in Pacific Island countries.
What is the fund?
The Pacific Private Sector Window (‘PPSW’) fund provides grants of up to NZ$1 million for the following investment areas:
- Renewable Energy
- Information & Communication Technology
- Tourism, and
- Trade & Labour Mobility.
The PPSW is a contestable fund that aims 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 offers a co-investment in business ideas (ventures) that will have positive economic and social impacts in Pacific Island countries and that are expected to be commercially sustainable.
A strong partnership with an in-country partner is considered critical to success – in utilising local business knowledge, skills and resources and in maximising local benefits.
What Pacific Island countries qualify?
Eligible Pacific Island countries are: Cook Islands, Fiji, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tokelau, Tuvalu, Vanuatu and Papua New Guinea.
What businesses are we looking for?
The fund aims to support New Zealand businesses to:
- Grow their existing Pacific operations through a new approach that increases 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 is seeking to work with responsible businesses. These are enterprises that maximise positive impacts and avoid adverse impacts. Enterprises can 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).
Do you have to be a social enterprise?
No. If you are a responsible business that fits the criteria and you want to have a positive impact in the Pacific Islands, we want to hear from you.
How is Ākina helping?
We are acting as a bridge between MFAT and businesses that could benefit from accessing this funding. Our aim is to help businesses with the application process as we understand both business needs and development needs.
This includes providing free advice and support to applicants to help them develop their concepts. We can also provide Pacific Island business and development context and advice.
Applications for Round 10 close on 13 th April 2017 and applications for Round 11 close mid-September 2017.
If you are interested, please get in touch.
Please contact Chris Blues on +64 (0) 22 696 5019 or Dave Allison on +64 (0) 21 394 019.
For more info about the fund, you can read more in these Guidance Notes.
To understand what information is required, please look at the Application Form. Chris and Dave are here to support the completion of the form if you wish to apply for this fund.