CRHL Annual Report 2025 highlights strong regional impact
Published: 3 February, 2026
Crown Regional Holdings Limited’s (CRHL) Annual Report 2025 shows that government investment is delivering real economic benefits across New Zealand’s regions.
CRHL is the company that holds regional development investments made through Kānoa – Regional Economic Development & Investment Unit. It currently holds investments from eight regional funds, including the Regional Infrastructure Fund (RIF).
As at 30 June 2025, CRHL held $1.085 billion invested in 201 projects across 13 regions and 19 sectors.
The report notes that independent modelling shows $2.35 billion of investment in the funds managed by CRHL has generated $4.09 billion in extra spending, $1.75 billion in additional GDP, and 17,268 jobs.
CRHL’s portfolio is maturing, with more assets being delivered, more contracts fully drawn down, and nine loans fully repaid. Most investment has gone into infrastructure, public facilities, and training centres, along with equity support for amenities such as Invercargill Central and Whanganui Port.
CRHL met or nearly met all performance targets. More projects were classified ‘red’ due to tougher economic conditions and accounting rules, but these make up just over 7 percent of the portfolio. Higher risk is expected in regional development, where the Government often funds projects that have a high public benefit, but which traditional funders are not prepared to support.