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14 September 2011
Proposals can now be put forward to the Irrigation Acceleration Fund.
The Irrigation Acceleration Fund was announced in Budget 2011 and provides $35 million over five years to support the development of proposals to the ‘investment ready’ prospectus stage. It is one of the Government’s measures to enhance the strategic value of water.
NZIER research suggests the fund could support 340,000ha of new irrigation, which could boost exports by $1.4 billion a year by 2018, rising to $4 billion a year by 2026.
The Fund will support regional scale rural water infrastructure proposals that address:
MAF with input from LAWF and key irrigation stakeholders, have worked together to define what good irrigation practice looks like.
Government will contribute up to 50 percent through the Fund, to successful proposals with the balance coming from applicants.