RSPF funding goals
Find out more about the Regional Strategic Partnership Fund's (RSPF) goals and objectives.
New Zealand’s regions are vital to our economic future and the continued recovery from the COVID-19 economic crisis.
However, not all of our regions, and the people who live in them, are thriving. The Government wants to support all regions to achieve their potential, so that we see improved living standards for all New Zealanders.
The RSPF aims to build more Productive, Resilient, Inclusive, Sustainable and Māori-enabling (PRISM) regional economies by delivering local approaches tailored to a region's particular needs and advantages.
The RSPF will invest in projects which enable regional economic and business development, accelerate Māori economic aspirations and support sector transformations, with a focus on firm-level and commercial investments.
The RSPF will invest in projects that will allow the Government to catalyse further investments into our regions’ futures to support them to be more productive, resilient, inclusive, sustainable and Māori-enabling.
The RSPF will allocate up to $180 million for seed funding in three main areas:
- enabling regional economic and business development
- accelerating Māori economic aspirations
- supporting sector transformations.
The remaining $20 million of the $200m in the RSPF has not been allocated at this stage.
Enabling regional economic and business development
Up to $60 million is available for small scale economic and business development projects. Each region’s priorities will be identified by them individually working in partnership with Kānoa – REDIU to help identify likely investments. The aim is for all regions to have set their priorities by the end of 2021.
This area of the RSPF will focus on small-scale investments addressing the particular economic development difficulties regions face because they don’t always have access to the same specialist skills and markets that New Zealand’s larger cities do.
Investments could focus on projects which improve productivity for Small and Medium Enterprises, enable businesses to adapt and take up new technology, shorten supply chains, or reduce their costs.
More detail on the criteria for this allocation will be released once regions have set their priorities and investments will not be made through this allocation until that time.
Accelerating Māori economic aspirations
While Māori economic aspirations will be supported through all areas of the RSPF, up to $40 million has been earmarked to help create productive whenua Māori assets and accelerate Māori economic aspirations.
Māori land has unrealised potential for productivity growth and achieve economic benefits for whānau. Working with Māori land owners to unlock this potential and support their economic aspirations for their land are critical contributors to the Government’s goals to grow and share New Zealand’s economic prosperity.
The primary purpose of this funding is to provide financial capital to develop Māori land to deliver higher value production, support quality job creation, raise incomes and open opportunities for commercial partnerships.
Funding will support developments on undeveloped and underutilised land. This could include new developments on land blocks which may not have been previously developed or may have been previously leased by another party.
Supporting sector transformations
Up to $80 million is for investing in firms from sectors which are already established in regions, with the aim of improving their comparative and competitive advantages.
These investments are targeted at regional sector strengths in order to provide a significant catalyst for economic development while contributing to broader government objectives.
Appropriately structured and negotiated deals can unlock private capital while generating a return on investment for the Crown.
Ideally, projects should build off existing government regional economic development investment in the region, address an identified gap within a value chain, or produce added-value products or services.
They should also align with a sector’s relevant government and Industry Transformation Plan (ITP). Information on ITPs can be found here: