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10 December 2010
The number of business plans in development seeking Primary Growth Partnership (PGP) funding has been boosted by a new proposal from the horticulture sector.
There are now four applicants at the business plan stage, collectively seeking $53 million in PGP funds.
This is in addition to the five previously announced PGP programmes successful in gaining collective Government funding of $164 million.
The development of business plans will continue over the coming months before being presented to the Ministry of Agriculture and Forestry's Director General for a final decision.
A further seven applications from the recent application round require more work and information before the Investment Advisory Panel (IAP) can make a decision on their proposals.
One applicant has been asked to supply more information; several applicants have been asked to assess the potential for working collaboratively, and others have been invited to meet with the IAP to discuss their ideas in more detail.
The remaining proposals were declined.
Application rounds five and six will run in 2011.