Funding and payments – PTE Strategic Fund

Funding and payments – PTE Strategic Fund

Last updated 10 October 2023
Last updated 10 October 2023

This page details how much is available from the PTE Strategic Fund – and what you can use it for.

Available funding for the PTE Strategic Fund for 2024

Funding Element

Indicative total funding available ($ per year)

Contract term


$11.4 million

1 year in 2024


$8.4 million*

1 year in 2024

* PTE Transitions Funding for 2023 and 2024 comes from the PDMF. That means the total available PDMF funding for PTEs in 2024 is reduced by about $3 million. This figure will be confirmed once Indicative Allocations are finalised. Any adjusted additional funding from Transitions Funding will be made available and allocated under the PDMF.

How much can PTEs apply for?

As a guideline, we expect that any funding you apply for through the PTE Strategic Fund would not be more than 25 percent of your existing TEC Delivery at Levels 3–7 (non-degree) on the New Zealand Qualifications and Credentials Framework and all industry training Fund (DQ3-7) Funding for 2024 or up to $1 million, whichever comes first.

We will consider the amount of funding you are requesting as part of our decision making process.

Where a single PTE submits more than one proposal, the 25 percent or up to $1 million applies across the combined proposals.

If you are seeking funding over the 25 percent or $1 million guideline, we would need to see strong rationale for this in your application(s).

Funding is allocated annually

We allocate funding through annual application rounds, using the same timeframe as the investment round. Funding agreements are negotiated and agreed before the delivery period.

For 2024 funding, you need to submit your proposal by Friday 7 July 2023.

What can’t funding be used for?

PDMF funding cannot be used for development and/or maintenance of qualifications.

NRSP funding cannot be used for development and/or maintenance of programmes.

If you’ve started developing a programme in 2023, then a case could be made for maintenance funding. While we cannot fund retrospective activity, The key thing is that this funding relates to milestones for 2024, and the final milestone needs to be completed by 31 December 2024.

Funding for capital maintenance and/or expenditure

A funding proposal for programme development and/or maintenance can be for operational or capital expenses, or both.

You will need to provide evidence for this – for example, quotes for developing a programme on a learning management system, followed by invoices for work that has been completed.

Examples of what funding could be used for

This is not an exhaustive list. These are just a few examples of initiatives, parts of initiatives and milestones within initiatives.

You might apply for NRSP funding to:

  • increase delivery or sustainability of provision in a way that meets a national and regional skills priority, eg, in smaller regions, in rural regions, or at small scale
  • work with industry and employers to adapt learning to suit the changing needs of the workforce, industry and learners
  • do a review and implement a refreshed careers service for learners, informed by learner voices
  • establish a mechanism for learners to give feedback in a way that’s meaningful for them
  • connect with local employers and subject matter experts and get their feedback on how provision could be adapted to better suit their needs
  • adapt existing provision to add a focus on business continuity in the face of change and uncertainty
  • deliver increased provision in areas that support capability development in te ao Māori and te reo Māori
  • develop an initiative or partnership to enhance learner outcomes for Māori learners
  • develop an initiative in partnership with a Māori organisation to respond to the needs of Māori learners and employers
  • start to build relationships with local iwi and/or hapū to better understand the needs and aspirations of the community
  • review and modify current provision to focus on improving health and safety outcomes, such as through capability building and/or tool use and familiarisation
  • review and modify current or future programmes to better incorporate technology and build learner capability in technology
  • review provision and identify gaps where programmes need to be updated with new climate change information, working with industry to ensure this is industry specific.

You might apply for PDMF funding to:

  • develop a programme to equip learners with skills for technological roles
  • develop a set of micro-credentials to provide pathways from pre-apprenticeship to apprenticeship
  • update a current programme to make it more responsive to needs of Māori learners
  • improve delivery of a current programme by incorporating augmented reality technology
  • update a current programme to online delivery to make it more accessible to learners
  • develop a new intelligence programme to meet changes in skill requirements
  • produce more engaging and interactive content using video and animations to support a current programme
  • develop a cultural awareness programme to embed te reo Māori and mātauranga Māori within a sector
  • maintain delivery of an existing programme in nail technology and beauty therapy
  • develop a suite of new programmes to support mental health
  • re-develop a pipe welding programme to align to new qualifications.

Find out more about successful applications from the 2023 funding round:

TEC awards $13 million strategic funding to 69 PTEs for vocational education initiatives