Development West Coast (DWC) is able to provide a range of commercial financing options for West Coast businesses, including commercial lending and equity investment.
Applications pass through a comprehensive assessment process. Applications must promote sustainable employment opportunities and/or generate sustainable economic benefit for the region.
DWC is excluded from investing in local and central government infrastructure, and cannot provide grants to businesses or organisations where that may affect DWC’s charitable status.
DWC aims to have a balanced portfolio of good regional investments across different industry sectors and geographical areas, ranging from start-ups to established businesses.
It is an applicant’s responsibility to provide adequate information to allow DWC to make an informed decision as to the viability of any proposal. If submitting an application, it is recommended that applicants seek accounting and legal advice where appropriate.
If you have any queries at all, we encourage you to contact our Capability and Growth team who will be able to assist and guide you through the process.
1. ENQUIRY PHASE CHECKLIST
Discuss your financing needs with one of DWC’s Capability and Growth Advisors:
2. SUBMIT APPLICATION
- Applications under $100,000 may be considered under delegated authority by the CEO.
3. MANAGEMENT ASSESSMENT
- Your application is assessed by DWC Management.
- The Management group provides a recommendation to the Advisory Body.
4. ADVISORY BODY ASSESSMENT
- Applications over $250,000 are considered by the Advisory Body.
- The Advisory Body provides a recommendation to DWC Trustees.
5. TRUSTEE DECISION
Trustees review and decide to:
- Request more information;
- Approve the application; or
- Decline the application.
6. APPLICATION FINAL DECISION
- Applicant advised of Trustee decision.
Business support stories
Local brewer expands capacity with support from DWC
Woodstock Brewing Co. underwent a significant expansion of its operations in December, thanks to the assistance of a loan from DWC.Learn more
Glacier Country Business Support Fund
Faced with the COVID-19 travel restrictions, Glacier Country found itself amongst the hardest hit areas in New Zealand. With businesses in the area struggling for survival and cash flow becoming an urgent necessity, DWC established the Glacier Country Business Support Fund (GCBSF) in March 2021Learn more
Old West Coast school converted into luxury apartments
The old school in Reefton has been converted into fully furnished luxury apartments to help address the accommodation shortage.Learn more
New health and social service facility in Greymouth
Support from DWC helps Poutini Waiora Trust purchase a new health and social service facility.Learn more