The Provincial Growth Fund
The New Zealand Government has allocated three billion dollars over a three-year term to invest in regional economic development through the Provincial Growth Fund (PGF).
Provincial New Zealand is the heartland of Aotearoa, and home to some of our most creative and innovative people. Much of New Zealand’s economy rests on the successes of the regions, with tourism, forestry and the primary industries all strong contributors to New Zealand’s export economy.
However, some regions are challenged with higher unemployment, lower productivity, finding skilled workers, and people who are struggling economically.
Through the PGF, the Government seeks to ensure that people living all over New Zealand can reach their full potential by helping build a regional economy that is sustainable, inclusive and productive.
The PGF is administered by the Provincial Development Unit, part of the Ministry of Business, Innovation, and Employment.