Tourism Industry News

News from NZ Māori Tourism and Māori tourism experiences around Aotearoa New Zealand

Tourism Growth Partnership Round 5 Update

The Tourism Growth Partnership (TGP) is a Government initiative aimed at driving strategic changes required to overcome constraints to growth of the tourism sector and lift the value international tourism delivers to New Zealand
The Government has created two separate streams for TGP funding
•    the Productivity and Innovation stream (TGP-I) and
•    the Regional stream (TGP-R)

Applicants can only apply for funding from one stream in any given round for a single project.

Productivity and Innovation Stream
$4 million per annum
Assessments made on:
•    Achievement of TGP-I objectives
•    Impact on funding
•    Wider business benefits
•    Ability to deliver
•    Alignment with Portfolio Statement
•    Requirement to have at least 50 per cent monetary co-investment from the industry
•    No significant difference from previous rounds

Regional Stream
$4 million per annum
Assessment made on:
•    Regional job growth and tourism potential
•    Tourism growth
•    Impact of funding
•    Ability to deliver
Significant differences from previous rounds
•    Requirement to have a meaningful level of monetary co-investment from the industry
•    May have Lottery funding recognised

TGP Process
The TGP Process has six stages.
 


Timelines
Round 5 Opens        Early September
Round 5 Closes        12 October
Panel meets        1 December
Decisions        December
Announcements    Early 2017
Round 6 expected to open in April 2017

Feasibility Stream
The TGP now offers funding to help new or existing tourism businesses assess the costs, potential market achievability and risks of their business proposition for their regions
•    Applications accepted at any time
•    $250,000 + GST available per annum
•    Maximum $25,000 + GST per application
•    Projects can have a future focus to TGP-R or TGP-I funding applications
•    Industry co-investment required at a meaningful level
 

More information can be found on MBIE's website.

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