PGF backs Southland
Published: Dec 10, 2019
- News and announcements
A $4 million Provincial Growth Fund (PGF) investment in Southland will lift productivity and create new jobs, Regional Economic Development Minister Shane Jones announced in Invercargill.
Ten engineering and manufacturing firms received $2.13 million, a Te Ara Mahi skills and employment training programme, Southland Youth Futures, received $1.55 million, and an aquaculture project CH4 Ltd received $500,000.
So far the PGF has invested $42.21 million in a range of projects in Southland, including digital connectivity, aquaculture, airport development, water storage, wind power, business start-ups, economic development, tourism, rail, and training and skills development.
Southland engineering and manufacturing sector boosted
Thanks to an investment of $2.13 million by the PGF Southland engineering and manufacturing firms will be purchasing equipment that will lift productivity and create 57 new jobs in the sector.
That investment builds on recent announcements of funding to support Otago’s engineering and manufacturing sector, and further enhances the work of the Southland and Otago Engineering Collective (SOREC) which is working on ways the sector can collaborate.
Companies to receive funding include FI Innovations who are set to revolutionise the industry with the purchase of New Zealand’s largest scale 3D printer and scanner. Globally this technology is a game changer for design solutions and the additive manufacturing sector.
JK’s Engineering will purchase a new Computerised Numerical Contact Beamline machine that will allow their staff to spend less time cutting steel and more time on assembly work so they can speed up earthquake strengthening the region’s buildings.
Yunca Engineering will be creating an extra 16 jobs and increasing their production capacity with the purchase of two new press-break machines. Yunca have obtained exclusive manufacturing rights to a patented mechanical-technology, which enables the Aluminium Industry globally to modulate power usage, supporting the transition to Green Energy.
Aquaculture set to commercialise NZ’s red seaweed
The PGF has provided funding for an aquaculture project which will support CH4 Ltd to see if it can commercially manufacture New Zealand’s red seaweed into emission reducing food supplements for farm animals.
The trial will test if Southland can become the first supplier and global leader in the cultivation of this seaweed species that can reduce methane gas emission in cows and sheep by up to 95 per cent.
Southland Youth Futures
The Provincial Growth Fund announced $1.5 million for Southland Youth Futures to continue to work with local employers, educators and industry leaders so young people get the right training for the jobs available in this region.
It will give Southland youth the opportunity to upskill, train and gain employment but also future proofs economic growth in the region.
PGF is all about locally-led programmes which tackle challenges in the regions head on, and which support the priorities set by the people living there.