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A $135,000 contestable fund may be made available to support ''innovation and diversification'' in the Queenstown Lakes district.
Council corporate services general manager Meaghan Miller said a $335,000 economic development fund was approved last year, and, of that, $150,000 was granted to the Queenstown and Wanaka Chambers of Commerce in the annual plan round.
Another $50,000 would be set aside for discretionary funding of economic development-related initiatives throughout the year.
The council will discuss using the remaining money to establish the contestable fund at its full meeting in Wanaka tomorrow.
Council economic development manager Peter Harris said the fund was one of the ways businesses and entrepreneurs in the district could be supported.
If approved, applications for the fund would open immediately and be accepted until November 6.