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Application Round Seven of Primary Growth Partnership (PGP) now open
PGP Application Round Seven is open. Applications must be received by midday, Thursday 19 April 2012. The Investment Advisory Panel will advise applicants of Round Seven results in early June 2012.
The Primary Growth Partnership is a government-industry initiative that will invest in significant programmes of research and innovation to boost the economic growth and sustainability of New Zealand’s primary, forestry and food sectors
The scheme will focus on boosting productivity through ongoing investment in innovation and delivering long term economic growth and sustainability across the primary sectors, from producer to consumer.
Investments can cover the whole of the value chain, including education and skills development, research and development, product development, commercialisation, commercial development and technology transfer.
Industries included in the Primary Growth Partnership are:
Budget 2009 included funding for PGP of $30 million for 2009/10; $40 million for 2010/11; $50 million for 2011/12; and $70 million per annum from 2012/13 to be appropriated to Vote: Agriculture and Forestry.
Each programme will be a joint investment between the Crown and industry. Qualifying contributions by the co-investors must be equal to or greater than the Crown Primary Growth Partnership funding.
The minimum amount that the Primary Growth Partnership will co-invest, and which must be matched by industry co-investors, is $500,000 excluding GST over the lifetime of the co-investment programme.
There are several parties you will work with during the process to establish a PGP co-investment programme.
PGP Secretariat
The Secretariat is employed within MPI to administer PGP and assist the Investment Advisory Panel. They should be your first point of contact for any questions or help you need with PGP.
They will:
They will be able to answer most of your questions about process or content, and can put you in touch with the correct people throughout the rest of MPI or on the Panel if necessary.
Contact the Secretariat at pgp@mpi.govt.nz or phone Joseph Montgomery, PGP Secretariat Manager, on 04 894 0216 or Janet van Polanen, Primary Growth Partnership Advisor, on 04 894 0323.
MPI specialists
You may be put in touch with MPI specialists who can provide you with advice about your proposal. MPI specialists are also responsible for completing the preliminary MPI comment which will be provided to the Panel after you have submitted your proposal.
Investment Advisory Panel
The Panel is responsible for using their expertise and judgement to advise on decisions about the allocation of PGP co-investments, to help ensure that PGP investments are able to achieve the aims of economic growth and sustainability.
In addition, you will also be reporting to the Panel (if successful at each stage) on the development of your business plan and the progress on your co-investment programme.
For more information on the Investment Advisory Panel visit People.
Please call Joseph Montgomery, PGP Secretariat Manager, on 04 894 0216 or Janet van Polanen, Primary Growth Partnership Advisor, on 04 894 0323, or email pgp@mpi.govt.nz