| The North King Country Development Trust Fund supports initiatives that that stimulate economic growth and development within the North King Country. |
|
| These funds can be used to provide assistance towards: |
|
- Business mentoring and advice
- Product development and commercialisation
- Seed funding
- Research
- Funding equity for new business ventures.
|
|
| Consideration is given to initiatives that demonstrate a clear contribution to the creation of a strong economic base and improve economic well being. |
|
| Funding recipients must be able to demonstrate their contribution to criteria determined by the Trustees to be in the interest of the Lines Company. Some specific Funding Criteria are as follows: |
|
| 1 | Promote economic development in the North King Country | | 2 | The establishment of new jobs within the North King Country | | 3 | Increase business activity within the North King Country | | 4 | Promotion of the North King Country as an attractive place to live and do business | | 5 | Other |
|
|
| The Trust operates a two-stage funding assistance process. |
|
| Stage 1- Business Mentoring/ Advice |
|
| The Trust can fund up to five hours business mentoring/ advice. |
|
| This mentoring and advice is intended to allow applicants to increase their knowledge and develop more robust, and comprehensive goals and business plans. |
|
| Stage 2- Funding Assistance |
|
| Applicants seeking funding assistance must be able to demonstrate that they have undertaken some form of mentoring prior to submitting an application. |
|
| The Trust can provide up to 80% of the total initiative costs. This level of contribution means that there is still a significant requirement for an applicant to raise funding from other sources. |
|
| For further information about the assistance available from the North King Country Development Trust Fund please read the funding policy or contact the Trust via email : admin@nkcdt.org.nz |
