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The Southland Export Trust was registered in May 2008 with the Chamber of Commerce transferring $18,000 into the Trust for the purpose of seed capital to be invested, by the appointed Trustees to establish a grant procedure with the income from this investment to be used for projects or initiatives which support the development and advancement of the Southland export sector.
The funding was of a limiting size, with the investment return severely restricting the ability to have available a feasible amount to effectively assist persons or organisations that apply for assistance.
In order to increase the investment capital, overcome the short returns, and have available a workable amount that could be applied to grants applications, the Trustees identified stakeholders in the sector and approached them to find support to add to the principal.
In addition to this, HSBC ( Hong Kong Shanghai Banking Corporation) has entered into the vision with a yearly contribution to be added as part of the grant to be made available for distribution each year.
| In recognition of this, the grants are know as: |
‘The HSBC Southland
Export Grant Scheme’ |  |
This was followed by other companies and stakeholders contributing to the seed investment and grants funds, allowing for a increase in the grants being made available.
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