Our approach to Funding and Financial Management Funding and Financial Management Funding for Predator Free 2050 Limited has been provided as part of a non-departmental multi-year appropriation of $5.914M per annum. It is anticipated that the Company will obtain a contribution of financial resources from other parties on a targeted 2:1 basis. Details of progress against these financial targets will be addressed in the annual business plan process. Additional Government funding for the Company has been provided through the Provincial Growth Fund and the Jobs for Nature programmes. As funding from the Provincial Growth Fund will come to end on 1 Nov 2025, and Jobs for Nature funding will come to an end in June 2024, we are currently exploring additional funding sources to ensure the eradication gains and achievements can be maintained. We will investigate permissible and appropriate future funding sources, such as carbon credits and revenue from product developments, to sustain the programme as it expands to implement the national implementation strategy. The table below outlines current and forecast funding:
Summary of appropriation Vote Conservation: Non-Departmental Output Expenses
2022/23
2023/24
2024/25
2025/26
$6.41m
$5.91m
$5.91m
$5.91m
Provincial Growth Fund
$4.00m
$0.77m
$1.30m
-
$23.67m
$24.57m
-
-
Jobs for Nature
Note: Actual drawdowns vary from year to year reflecting the timing of actual investment for projects.
Allocation of government funding is guided by the Crown’s investment criteria for each project. These include: For landscape projects: i.
the ability to eradicate or suppress predators at a landscape level to achieve specific and significant conservation objectives
ii.
the ability to strengthen iwi–Crown relationships, and provide opportunities for iwi to exercise kaitiakitanga over their rohe
iii.
contribution to social and economic outcomes
iv.
demonstration of strong collaboration across all the relevant stakeholders
v.
demonstration of strong governance and management of projects
vi.
evidence of sound conservation, operational, financial and evaluation plans
vii.
contribution of financial resources from other parties on a targeted 2:1 basis
viii.
demonstration of durable arrangements to sustain the gains after the funding period 12
