Union boosts funding to provinces
September 20, 2013
The New Zealand Rugby Union (NZRU) has delivered financial cheer to its provincial unions, announcing increased annual funding of $NZ3.3 million ($A2.9 million). Following a mid-term review, the union will make a total funding addition of $NZ7.7 million available to ITM Cup and Heartland Championship unions until the end of 2015, taking the total figure to more than $NZ50 million.
NZRU chief executive Steve Tew said the improved financial footing gave the union the score to provide the boost to its 26 unions. "We are confident that the additional funding is prudent, maintains an appropriate level of reserves, provides a level of certainty for provincial unions and helps further support all levels of rugby," Tew said.
An extra $NZ1.9 million will be distributed among the 14 ITM unions, with the figures based on registered player numbers. The 12 Heartland Championship unions will collectively receive an increase of $NZ304,000, including a minimum increase of NZ$20,000 each.
A contestable fund of $NZ300,000 per annum, increased to $NZ500,000 in 2015 will be made available for unions to fund initiatives to grow the game. Programm to boost rugby in Auckland will receive $NZ200,000. An annual funding top-up of $NZ140,000 has been made available for age grade tournaments, and $NZ500,000 for a high-performance talent identification program.