Find out more about the grants, loans and funding allocations managed by Kānoa – Regional Economic Development & Investment Unit.
Breakdown of funding allocations
This includes the COVID-19 Response and Recovery Fund: Infrastructure Reference Group; the Strategic Tourism Assets Protection Programme; NZ Upgrade Programme: Regional Investment Opportunities and the COVID-19 Worker Redeployment Initiative; as well as Skills and Training programmes: He Poutama Rangatahi; the Māori Trades and Training Fund and the Sector Workforce Engagement Programme.
Provincial Growth Fund (PGF)
$3.1 billion dollars was allocated over three years to invest in regional economic development. Through the PGF, the government seeks to ensure that people throughout New Zealand can reach their full potential by helping build a regional economy that is sustainable, inclusive and productive.
COVID-19 Response and Recovery Fund – Infrastructure Reference Group
In April 2020, the government tasked a group of industry leaders to work with local councils and businesses to identify projects to support the economy during the COVID-19 rebuild.
$3 billion of infrastructure funding was announced as part of a $50 billion COVID-19 Response and Recovery Fund. Kānoa – REDIU administers $723.3 million of this funding.
He Poutama Rangatahi — Youth Employment Pathways
$121.4 million was allocated to He Poutama Rangatahi, a cross-agency initiative aimed at rangatahi (the younger generation) who are most at risk of long-term unemployment and who may need extra individualised and ongoing support to connect to training and employment.
He Poutama Rangatahi has transitioned to the Ministry of Social Development.
Strategic Tourism Asset Protection Programme
The Strategic Tourism Assets Protection Programme (STAPP) is intended to protect tourism assets and ensure their survival through the disruption caused by COVID-19. Decisions on funding allocations were made by the Tourism Recovery Ministers Group, supported by the Ministry of Business, Innovation and Employment's advice, and Kānoa – REDIU administers $172.8 million of this funding.
NZ Upgrade Programme: Regional Investment Opportunities
As part of the government’s $12 billion New Zealand Upgrade Programme, $300 million was allocated for Regional Investment Opportunities administered by Kānoa – REDIU.
In February 2020, approximately $190 million of funding was announced for projects across New Zealand. In May 2020, unallocated funding was refocused as part of the Provincial Growth Fund reset.
Māori Trades and Training Fund
The Māori Trades and Training Fund (MTTF) has been created through the government’s COVID-19 Response and Recovery Fund. The MTTF supports community-led employment and training programmes through partnerships between Māori and the Crown.
The MTTF has transitioned to the Ministry of Social Development.
Sector Workforce Engagement Programme
The Sector Workforce Engagement Programme is a cross-government initiative to help employers get access to skilled regional staff. It works across industries like horticulture and viticulture, dairy farming, road freight transport, construction, tourism, hospitality and aged residential care.
COVID-19 Worker Redeployment Initiative
In March 2020, the government announced an allocation of $100 million to help redeploy workers affected by the economic impact of COVID-19. This created immediate short-term employment opportunities for displaced workers.