Applications have closed for commercial entities to apply for funding for the removal of cyclone-related sediment and debris
The Government provided $7.41M funding to eligible commercial entities to support the clean-up of cyclone-related sediment and debris in Tairāwhiti.
The funding needed to be used for eligible work, that had been or would be used to cover costs between 12 February 2023 to 30 June 2024. The funding could not be used for any indirect costs incurred or unrelated activities or the purchase of any non-consumable or capital assets.
Successful applicants were required to enter into a funding agreement before the funding could be provided.
Gisborne District Council was been asked to administer the funding and make it available to eligible commercial entities on the following basis:
- Up to $40,000 (GST exclusive) as a grant (this amount to be calculated including any support previously received by that commercial entity through the Cyclone Gabrielle Farmer and Grower Recovery Grant and/or Cyclone Gabrielle Business Recovery Grant); and
- Up to $210,000 (GST exclusive) on a cost-share basis, where this part-funding paid reflects a 50:50 cost share (where the balance is borne directly by that commercial entity).
The 3 funding rounds have closed
Round 3 - closed midnight Friday 20 October - 64 applications were received.
Round 2 - closed Friday 15 September - 58 applications were received.
Round 1 - closed Friday 4 August - 61 applications were received.
Funding examples
Please note that an amount lower than the $21Ok needs to be applied for if the costs of the eligible works are under $42Ok.
B) If the applicant has not already received recovery funding (through the Cyclone Gabrielle Farmer and Grower Recovery Grant and/or Cyclone Gabrielle Business Recovery Grant), then the maximum that can be applied for through this fund is $25Ok. $4Ok of this will be a grant, and $210k of this will be on a co-funding basis (meaning the applicant has to spend $42Ok to receive the $210k).
Please note that an amount lower than the $21Ok needs to be applied for if the costs of the Eligible works are under $42Ok.
C) If the applicant has already received $20,000 of recovery funding (through the Cyclone Gabrielle Farmer and Grower Recovery Grant and/or Cyclone Gabrielle Business Recovery Grant), then the maximum that can be applied for through this fund is $23Ok. $2Ok of this will be a grant (to make up the difference between the initial funding provided and the maximum available), and $21Ok of this will be on a co funding basis (meaning the applicant has to spend $42Ok to receive the $21Ok).
GST basis: GST registered applicants can claim costs exclusive of GST up to the funding limits.
Non-GST registered applicants can claim cost inclusive of GST up to the funding limits.
