Funding boost for Hawke's Bay
Published: Jun 29, 2020
- News and announcements
- Hawke's Bay
The Provincial Growth Fund (PGF) is investing nearly $8 million in two game changing projects in the Hawke’s Bay, preparing youth for vocational training and job readiness, and creating immediate jobs in the manufacturing, recycling and horticulture industries.
The announcements are:
- The Hawke’s Bay Community Fitness Centre Trust which will receive a $5 million grant to construct a hostel at the Hawke’s Bay Regional Sports Park (named the Mitre 10 Park). The hostel will accommodate disadvantaged young people to bring about positive social change and enhance their job prospects.
- A $2.88 million loan for the Hawk Group will install an additional line at their existing manufacturing facility in Hastings with the Hawk Group funding the remaining 50 percent of the total project cost.
The hostel will be equipped with self-catering and fitness training facilities so youth can attend a tailored programme that will use sports and physical fitness to build self-esteem, develop leadership skills, as well as prepare for job readiness and vocational training. They aim to help 100 local youth each year.
The Trust’s catch cry is to ‘be the best you can be’ which aligns with the PGF commitment to increase social inclusion and participation through the provision of effective training, work preparation and support for at-risk youth.
The PGF support, significant financial and non-financial input from the Hawke’s Bay Community Fitness Centre Trust under Chair Sir Graeme Avery, and other significant contributions from the community have contributed to this project.
This investment will also create 125 jobs over the 19 month timeline of the design and construction of the Hostel.
PGF also announced a $2.88 million loan to the Hawk Group, to enable the installation of an additional line at their existing manufacturing facility.
Currently the Hawk Group’s is the overseer of New Zealand's primary manufacturer of apple and avocado moulded fibre packaging, and supplier of 80% of moulded fibre apple trays in New Zealand.
This is a great co-investment at this time as we look for ways to develop and grow the local economy, contribute jobs, and boost export opportunities.
This investment will create over 30 immediate jobs during the construction phase, as well as contribute to increased productivity in the manufacturing, recycling and horticulture industries, with the majority of revenue staying in the region.
Hawke’s Bay, has been hit both by the economic fallout from Covid-19 and drought, so it is more important now than ever that PGF support Hawke’s Bay’s job creation and economic development.