NAU MAI HAERE MAI
Welcome to the fourth e-pānui from Tupu Tonu Ngāpuhi Investment Fund Limited
Message from the CEO
Mānawa maiea te putanga o Matariki
Mānawa maiea te ariki o te rangi
Mānawa maiea te Mātahi o te Tau
Visiting the Hokianga recently during our team trip
Tēnā koutou katoa,
As we embrace the synergy of Puanga and Matariki, it is time to reflect on the achievements of the year and to begin clearing the ground for the new year.
In this edition of our e-pānui we report back to you on the outcomes of the inaugural Tupu Tonu Tukua (disbursements) round.
Ngā manaakitanga, nā,
Tupu Tonu’s mission is to acquire and grow the value of a portfolio of high-performing commercial assets that can be offered to ngā hapū o Ngāpuhi in future Treaty negotiations, and to reinvest the profits back into Ngāpuhi hapū, whānau and uri.
I’m pleased to be able to provide an update on our recent investment progress as we seek to deliver this important goal. At the beginning of this year, we finalised our investment in a social housing development located in Kamo. This brings our total capital invested and committed to $47m.
We have also been focused on ensuring we get a reasonable spread of assets across the Ngāpuhi rohe as well as across sectors. We have a range of exciting investments in the pipeline that I look forward to announcing in coming months. These additional investments will mean that we will have invested a substantial portion of the fund.
As we outlined in earlier pānui, another part of the mission of Tupu Tonu is to disburse a portion of annual profits to Ngāpuhi hapū, whānau and uri. The idea is that as profits and the total value of the fund increases, so too does the amount available for disbursement. For example, for the inaugural round this year we had just under $0.5 million available. For the second round, which we intend to open later this year, we are planning to have between $0.6-0.9 million.
In setting up the inaugural disbursements round, and the criteria used for allocation of these funds, Tupu Tonu wanted to reflect the needs and aspirations of Ngāpuhi hapū and whānau as far as possible. This time, we were conscious of the immediate needs facing hapū and whānau across the rohe, and also for the assistance they need to maintain their cultural strength.
We asked for applications from any Ngāpuhi hapū, whānau or Ngāpuhi affiliated organisation looking for funding to support activities relating to capacity and capability building, and social and cultural development.
In future, we know that hapū and whānau will want to have more of a say on how Tukua is run and how the pūtea is used going forward. For this reason, we’re now looking for feedback – and we hope you’ll take the time to let us know what you think about this process so far.
The first round was open from 25 November 2022 to 10 March 2023, and we were pleased with the number and range of applications.
Due to the large number of applications received, Tupu Tonu was not able to fund all applications to the level requested. However, Tupu Tonu has been able to fund a wide range of hapū, whānau and organisations from across the Ngāpuhi rohe, and for a wide range of social, cultural and capacity building activities.
At the same time we were also able to provide funding to Ngāpuhi affiliated organisations working in the area of drug and alcohol rehabilitation, and Ngāpuhi affiliated kapa haka rōpū who participated in Te Matatini.
In all, 51 applicants were provided with funding totalling $485,000 – the vast majority received $10,000 each.
Shortly we will provide a break-down of funding results on our website. We will send out another e-pānui when this information is available.
Over the past few weeks we have had the opportunity to engage with a number of hapū groups across the rohe. This has helped deepen our relationship with hapū and build an understanding of Tupu Tonu and its mahi. Our engagement hui have also provided a great opportunity to seek some initial feedback on the approach we took to Tukua and the outcomes that have been achieved.
We would appreciate any feedback you may have on Tukua. In particular, we are seeking feedback on the following questions.
- How did you hear about Tupu Tonu/Tukua?
- Were you a recipient of Tukua funding in the first round?
- How easy was the Tukua process to navigate?
- How could the Tukua process could be improved?
- Which groups should be eligible for funding for the second round? (eg hapū; whānau; marae; Ngāpuhi affiliated organisations)
- What should be the scope of activities funded for the second round? (eg social activities; cultural activities; capacity and capability building)
Please provide your feedback to our email at email@example.com.
Very shortly you will also be able to provide your feedback directly through our website – we will notify through our next e-pānui when you can do so.
Please provide any feedback by 25 August 2023.
We will report back to you on the outcomes of our review and pathway forward later in the year.
Staying in touch
I look forward to continuing to provide you with further updates in coming months. If you know of anyone else in the rohe who may be interested in hearing from us, please do feel free to forward this e-pānui on which will allow them to sign up to hear the latest news from Tupu Tonu.
Ngā manaakitanga, nā,