Background and public information
We are committed to proactively releasing information about the Provincial Growth Fund (PGF), and funding decisions. As careful stewards of public money, we recognise the importance of keeping you informed and engaged about the work we do.
Confidentiality and commercial sensitivity
Some information we hold can't be released, because we need to protect confidential and commercial information.
Information we can't release includes:
- Proposals that have been declined on the grounds of commercial sensitivity. Advising that that they had been declined may compromise the ability of the project to attract funding from other sources in the future.
- Proposals that have been agreed, but not yet announced. This is because contract negotiations are underway. Releasing material before we announce the project risks compromising contract negotiations.
- Proposals that have been announced, but not yet contracted on the grounds that contract negotiations are still underway. Releasing this material before announcement risks compromising contract negotiations.
- All information related to loan details to ensure that the PDU’s ability to negotiate is not prejudiced.
- All projects still under active consideration.
The following documents can be viewed on the Ministry of Business, Innovation and Employment (MBIE) document library. Some documents will contain redacted information – these documents will include a note about why the information has been redacted. This note can be found on the cover sheet included with the document, or on the redacted information.
Weekly Reports to Ministers
These are proactively released in batches approximately every three to four months. This allows time for commercial sensitivities affecting projects to lapse, for decisions and project announcements to be made, and for projects to be contracted where possible.
The Provincial Development Unit (PDU) releases Cabinet papers and minutes regularly.
Cabinet reports on the PGF
The PDU reports to Cabinet every quarter on its funding decisions and the performance of the PGF.
We have developed investment principles for areas of priority investment to help applicants and decision-makers when preparing or assessing applications. These are described in a series of position papers which set out the objective of PGF investment, principles and investment priorities. They define our approach to investments required to address social and infrastructure deficits, and to support sector investments that align with regional priorities. We will publish each of these papers as they are developed and agreed to.
Written parliamentary questions
Written questions in parliament are one of the most important methods for making sure the Government is doing its job. You can read questions about the Provincial Development Unit, and their answers, on the Parliament website.
Official Information Act (OIA) requests
Published responses to requests made under the OIA.
Job Creation Data
One of the key objectives for Provincial Growth Fund (PGF) projects is to create employment opportunities through investment in the regions. Job numbers are one way of measuring the success of the PGF's investments.
There are many other factors that should be taken into account when evaluating PGF investments, such as improving community wellbeing, creating greater regional resilience, encouraging environmental sustainability, and increasing the value of Māori-owned land.
The Provincial Development Unit (PDU) has completed a stocktake of the number of people who have worked on PGF, Worker Redeployment and Regional Investment Opportunities projects. These numbers include both current and past employment as well as the number of expected workers in the future.
Status of Provincial Growth Fund Appropriations and Funds Committed to date by Agencies
The PGF reports on the status of appropriations bi-annually.
Published: Jun 23, 2020