Ministry for Pacific Peoples — FAQs about the PACO Social Enterprise Fund Pacific Aotearoa Community Outreach - Social Enterprise Fund - FAQS Skip to content

FAQs about the PACO Social Enterprise Fund

FAQs about the PACO Social Enterprise Fund

Below are some common questions asked about the Pacific Aotearoa Community Outreach - Social Enterprise Fund. If you have a question that's not answered here, please email [email protected].

Frequently asked questions

There is no universal definition of social enterprise. Definition varies based on context and sources; however, a common theme is underpinned on the reinvesting in the community for better social outcomes.  

For PACO 3.0, Pacific social enterprises are registered community-based organisations across Aotearoa who are constantly reinvesting back into the Pacific communities for better social and economic outcomes. These can include:

  • church organisations
  • community groups
  • social sector providers
  • limited liability organisations
  • Non-Government Organisations (NGOs).

Capital investment in the context of this initiative are tools and services to increase skills, health and safety, capability and capacity requirements, equipment, capital to increase productivity and revenue generation.

Enterprise must demonstrate how the capital investment will increase employment, wealth and sustainability of the organisation. Wages and salary are not considered capital investment. 

PACO 3.0 is aiming to achieve the following outcomes:

  • Pacific Social Enterprises are increasingly resilient and sustainable. 
  • Increase employment opportunities through social enterprise. 
  • Improve community wealth, economic and social wellbeing opportunities. 
  • Keep our Pacific communities safe from COVID by addressing long-term impacts  

We have $1m to support community social enterprise capital investment initiatives in the current financial year 2022-2023. PACO 3.0 is expected to support at least 55 Pacific social enterprise capital investment initiatives/organisations in this round.  

There are four key categories across the social enterprise spectrum to determine where your organisation may currently be:

  • Start-up
  • Emerging
  • Growth
  • Established. 

This initiative will fund about 20 capital investment initiatives/enterprises in the Start-up phase of doing business, with up to $5,000 (excluding GST) to deliver the requested project. 

About 15 capital investment initiatives/enterprises in the Emerging phase of doing business will be funded up to $10,000 each (excluding GST) to deliver.  

Similarly, about 10 enterprises from each of the Growth and Established phases will be supported, with up to $20,000 and $50,000 respectively (excluding GST). 

To apply, you need to complete the PACO 3.0 Social Enterprise Fund application form

Offline applications

If you are unable to access the online application form, you can apply via email using a downloadable version in MS Word or PDF format.

As part of the completion of the application form, you will have an opportunity to self-assess where your organisation is best placed in the social enterprise phase of doing business - that is, whether you operate in the Start-up, Emerging, Growth or Established phase.

Please refer to the table below for maximum funding available. Note that all amounts exclude GST.

  Start-up Emerging Growth Established
Maximum funding Up to $5,000 Up to $10,000 Up to $20,000 Up to $50,000
Number of initiatives to be funded Approximately 20 Approximately 15 Approximately 10 Approximately 10

No. All eligible applications are subject to a robust assessment process in accordance with the timeframe provided.

In anticipation of oversubscription because the fund is limited, we would have to selectively choose who would receive funding. For this reason, we ask that you please ensure your application is complete and of a high standard. 

Enterprises in the Start-up phase are NOT required to submit financial documentations. 

A fully completed application form is the only initial requirement. If you are assessed as eligible, the following documents will be requested for enterprises in the Emerging, Growth or Established phase of doing business: 

  • Balance Sheet Statement for two consecutive periods [01 April 2021 – 31 March 2022 and 01 April 2020 – 31 March 2021] 
  • Profit and Loss Statement for two consecutive periods [01 April 2021 – 31 March 2022 and 01 April 2020 – 31 March 2021] 
  • Cashflow Statement 
  • Budget for the current financial year 
  • 2 x formal quotes from 2 x different third-party suppliers 

Note: We recommend you prepare the above documentation ahead of time, to expedite the assessment process if and when it is requested.

Yes, this fund is available for all eligible Pacific enterprises looking to achieve the outcomes of the PACO 3.0. Please ensure you familiarise yourself with the information under the 'What's not funded' section on our website.

Yes, enterprises already accessing other government funding or grants can apply for PACO 3.0. However, enterprises who are currently already receiving funding from the Ministry for Pacific Peoples will be considered on a case-by-case basis, depending on the nature of project and the information you provide on the application form about what you are wanting to achieve holistically. 

No. This is the first time we're rolling out the Pacific Social Enterprise Fund and we want to maximise the impacts of the fund by supporting key standout innovative initiatives across Aotearoa. 

The PACO 3.0 cannot directly create a new role or fund a salary as it is not for wage subsidies. Please see the Ministry of Social Development website for this support.

However, where an enterprise is successful in obtaining funding for an asset and/or training, for instance, the Ministry expects that it will enable the environment to expand on economic growth, resulting in additional employees/s being hired in a current or new role.

All successful applicants are expected to deliver on agreed outcomes. Where issues arise with delivering on their contract, each situation will be assessed on a case-by-case basis.  

Subject to applicants providing required documentation on time, all third-party suppliers will be paid within two weeks of receiving all required documents.

The fund closes on Friday 27 January 2023 at 5pm. All applications will be assessed, and all applicants will be notified of the outcome on or after 1 March 2023. Any unforeseen circumstances that impact on these dates will be notified on our website.

If your application is successful, you'll need to start your funded initiative/projects on or after 1 April 2022 (not before this date).