TPF was established under the Public Finance Management Act, 2012, (Tourism Promotion Fund) Regulations, 2019 legal Notice No. 24, dated 12th April 2019. The purpose of the Fund is to provide funds to Tourism Implementing Agencies (TIAs) to support development, promotion and branding of tourism sector.

TIAs shall be eligible to apply for funding from the Fund if the project is contained within the Agency’s annual work programme aligned to its strategic plan approved by the governing body (for state corporations) or the Cabinet Secretary responsible for that Ministry or State Department, and the current Medium-Term Plan (MTP).

In the case of an infrastructure development project; prepared project designs, plans and bills of quantities, approved by the governing body (for state corporations) or the Cabinet Secretary responsible for that Ministry or State Department, and the requisite regulatory approvals from relevant government institutions; and meets any other criteria set out by the Fund Oversight Board