Funds we manage

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

$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. 

More about the Provincial Growth Fund

COVID-19 Response and Recovery Fund – Infrastructure Reference Group

$723.3 million

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.

More about the reference group

He Poutama Rangatahi — Youth Employment Pathways

$121.4 million

$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. 

More about He Poutama Rangatahi — Work and Income

Strategic Tourism Asset Protection Programme

$172.8 million

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.

More about the Strategic Tourism Asset Protection Programme — website

NZ Upgrade Programme: Regional Investment Opportunities

$197.7 million

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.

More about the programme

Māori Trades and Training Fund 

$50 million

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.

More about MTTF — Work and income

Sector Workforce Engagement Programme 

$35.1 million

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.

More about the programme

COVID-19 Worker Redeployment Initiative

$100 million

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.

More about the initiative