Canterbury Economic Development Fund 

The CEDF has been established by the Christchurch City Council, using funds derived from the sale of Orion gas assets in April 2000. The Fund is administered by the Canterbury Economic Development Fund Trust.

Eligible projects will need to supply one or more of a number of benefits to Canterbury, including the generation of exports or replacement of imports, providing new services, attracting new investment, creating new business or employment, or supplying a new invention or innovation. Projects will also be judged on the social, cultural and environmental impact they have within the region.

CEDF is looking for business which will :

• Transform the Canterbury economy
• Create new jobs and/or wealth in Canterbury
• Bring new technology, innovation or other benefits
• Create or increase exports

CEDF usually assists by buying a minority shareholding, or advancing a loan. Funding available is usually between $100,000 and $400,000 per client.

Further information :

• All projects have to be a business activity
• CEDF is interested in funding businesses that have insufficient assets or too much risk for a bank to fund
• Your business needs to be unique within Canterbury.

For further information contact: Chris Hyland or telephone 379 5575.