Home Current: What we do What we do Projects we fund and how we make decisions Understand the kinds of projects we are able to fund, what we consider when we look at an application, and how to apply. Projects we have funded The Provincial Growth Fund (PGF) invested in projects which would support job creation in key sectors and regions and increase prosperity and productivity in the regions. How we made decisions Applications were open to all individuals, non-government organisations, iwi, and charities as well as New Zealand companies, including those that are foreign-owned for investment into the New Zealand economy. 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). The Regional Strategic Partnership Fund A new fund has been established to invest more in our regions so they can build their economies, grow businesses and provide jobs.