NZ First invites private sector to engage PGF

Fletcher Tabuteau, New Zealand First Deputy Leader

New Zealand First Deputy Leader Fletcher Tabuteau says today’s launch of the Guide to the Provincial Growth Fund (PGF) is a significant milestone for New Zealand First as we continue to deliver on our promise to support the regions.

“The $3 billion PGF is a cornerstone of the Coalition Agreement between New Zealand First and the Labour Party,” Fletcher Tabuteau said.

“We want to leverage private investment and the opportunities that exist in the business sector to create an enduring legacy for our regions. I was pleased to see so many stakeholders in the room today at the launch, including representatives of our major banks and forestry and fishing sectors.

“New Zealand First strongly believes in working with the private sector to leverage as much as possible from the PGF and create something enduring for our regions. To that end, today I’m calling on private investors and the business sector to gather up their ideas and engage with officials about the opportunities that may exist via the PGF.

“The Guide and supporting Investment Statement will provide clarity to the regions to better understand what we’re looking for and help them to tailor their applications accordingly, without being too prescriptive.

“Having as many stakeholders as possible working towards common goals is a key criterion of the PGF. Economic Development Agencies and regional groups are working to see how they can align and partner with private business and Government in order to achieve their investment priorities.

“There are some exciting ideas coming out of our regions and I’ll be making sure I do whatever I can to ensure the enormous opportunities presented through the PGF are harnessed and maximised,” Fletcher Tabuteau said.

 

 

The PGF Guide, Sector Statements, detailed Investment Statement and Cabinet paper can be found at www.growregions.govt.nz

The Provincial Growth Fund is a $1 billion per annum investment over three years to ensure regional New Zealand can thrive through productive, sustainable and inclusive economic growth. 

For more information on the Fund, including a summary of PGF announcements, click here.

 

Fletcher.Tabuteau@parliament.govt.nz

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