Fund open for low emission transport projects
The Low Emission Vehicles Contestable Fund is now open for applications.
Energy and Resources Minister Megan Woods says “The Government has a comprehensive work programme to transition our economy to a low emissions, renewable future. Helping to get more low emissions vehicles on the road, and helping more Kiwis take advantage of this technology, is a key part of that plan."
“This fund helps do that by offering up to 50 percent co-funding for projects, with applicants required to match or exceed the amounts granted."
“This year, up to $7 million is being made available, with $3.5 million through this funding round."
“Over five rounds to date, the fund has committed $17.2 million in government funding to more than 90 projects. This is matched by over $28 million applicant funding. This co-funding removes some of the risk when investing in new and innovative technologies and brings the maximum benefit for the Government contribution.”
The fund is administered by the Energy Efficiency and Conservation Authority (EECA).
Applicants have until Thursday 21 March 2018 to submit their proposals.