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23 December 2009
The Investment Advisory Panel (IAP) of the Government's Primary Growth Partnership has approved a further two proposals to advance to the next stage of the funding allocation process, collectively seeking close to eleven million dollars in funding.
Business plans must now be developed by the applicants for each of the two proposals, one from the pastoral sector and one from the horticulture sector.
Five applicants have been invited to resubmit proposals and the balance were declined.
Investment Advisory Panel Chairman Bill Falconer says only those proposals that met all the eligibility rules and assessment criteria were invited to progress to the next stage.
"The standards that these proposals must meet have been set very high," he says.
"The Primary Growth Partnership is about ensuring the best possible outcome for New Zealand through significant programmes of industry-led research and innovation. As such, we have only approved those proposals that show real potential."
Those applicants asked to resubmit will have their proposals considered again early in 2010 together with the business plans of the two successful proposals from Round One.
Deborah Gray | Senior Communications Advisor | MAF Policy
Phone: 64-4-894 0715 | Mobile: 029 894 0715 | Email: email@example.com