The $1.2 billion Regional Infrastructure Fund (RIF) is now closed to new applications.
Demand for RIF investment has been significantly higher than the funding available, and there is limited remaining funding.
We are currently focused on progressing existing project applications.
Organisations interested in discussing future regional development opportunities can continue to contact their regional Kānoa advisor. However these will not be prioritised for funding from the RIF.
About the RIF
The $1.2 billion Regional Infrastructure Fund (RIF) opened in 2024 as part of the Government’s commitment to investing in and improving New Zealand’s regional infrastructure.
The RIF was designed to deliver on the Government’s promise to address the regional infrastructure deficit. Its intention was to boost the New Zealand economy, increase regional prosperity, and create jobs.
The RIF is administered by Kānoa – Regional Economic Development & Investment Unit (Kānoa).
The RIF is a capital fund. Funding support is primarily provided through a mix of loan and equity investments.
The RIF invests specifically in regional infrastructure, making investments in projects that boost regional growth, resilience, and productivity. This includes building new infrastructure and improving existing structures to benefit regional businesses, organisations, and communities.