$150m Provincial Growth Fund investment package in Tairāwhiti
Published: Sep 7, 2018 · Updated: Dec 1, 2020
The Prime Minister and Regional Economic Development Minister were in Tairāwhiti on Friday 7 September to announce an investment package of $152.7 million from the Provincial Growth Fund that will help boost the region’s economy, create jobs and enhance tourism opportunities.
The funding announced today includes:
- $137 million to unlock Tairāwhiti’s economic potential through stronger, safer and more resilient transport connections
- $801,000 for forestry projects that provide jobs and training opportunities for young people
- $13.3 million for tourism projects to attract more visitors to the region
- over $1 million for projects in the food and beverage sector.
The projects funded through today’s investment reflect the priorities of the Tairāwhiti Economic Action Plan which emphasises the need to connect people and markets and support businesses to thrive.
The aim of the Provincial Growth Fund is to lift productivity in the regions by increasing the quality of resources available to existing sectors and opening up investment to new sectors. The funding announced today will not only help to do that, but is a great example of government partnering with the region to invest in projects that will help contribute to a better future for everyone in the Tairāwhiti region.