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Institutes of Technology and Polytechnics (ITP) Business Links Fund

The ITP Business Links Fund is now incorporated into the Public Provider Base Grant element of Tertiary Education Organisation Component (TEO Component) funding.

The Institutes of Technology and Polytechnics (ITP) Business Links Fund was designed to foster greater engagement between ITPs and business. The fund provided a resource to build the capability of ITPs to establish and maintain effective working relationships with the business sector.

Allocation of the fund was intended to reflect the differences in ITPs’ missions, size and stakeholders and not create excessive transaction and compliance costs for ITPs or business. In 2005 a total of $5 million was available for allocation, $6 million was available in 2006, and $7 million in 2007. A half-year appropriation of $3.5 million is available in 2008.

ITP Business Links Fund 2007 Progress Report

The due date for 2007 ITP Business Links Fund Progress Report (Word, 65 Kb) is 1 February 2008, late submissions can still be sent to servicecentre@tec.govt.nz.

The report will need to include progress against the objectives, deliverables and performance indicators as set out in the 2007 Funding Appendices, information on implementing the plan going forward will also be required.

In 2008, ITPs will be funded at 2007 levels until this fund is part of the Public Provider Base Grant element of the TEO Component (within the Plan). Until then it is expected that initiatives in place in 2007 will roll over to 2008.

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