The TEC will consider applications for Joint Venture and Amalgamation Projects (JVAP) funding involving:
- two or more industry training organisations (ITOs)
- one or more ITOs and one or more tertiary education organisations (TEOs)
- groups and organisations representative of ITOs.
Organisations must meet a substantial proportion of the costs of any project and explain why assistance is required for the project to succeed.
The TEC will consider applications for merger projects where the merged or new ITO will be in a stronger position to perform all of its expected roles.
Funding for merger proposals may be used to:
- meet the direct costs of mergers (for example, legal fees)
- employ a project manager to oversee the project
- manage the transition of data to the on-going or new ITO
- other projects, as agreed by the TEC.
JVAP funding cannot be used for developing a merger proposal, business-as-usual costs, or the on-going costs of any new arrangements.
Only one JVAP application per merger will be considered. The ITO seeking industry coverage must be one of the joint applicants.
Approval of JVAP funding for a merger proposal does not imply that the TEC Board or the Minister for Tertiary Education, Skills and Employment will necessarily support an extension of coverage relating to the merger.
Joint ventures and other activities
The TEC will consider applications for new and innovative projects that align with the purpose of the funding, such as, but not limited to:
- collaborating with other organisations to support learners to achieve qualifications while transitioning in and out of paid employment
- developing and sharing best practice for improving the achievement of Māori and Pasifika trainees
- improving pathways to transition learners from levels 1-3 to level 4 and above.