Tairāwhiti’s economic growth supported by Provincial Growth Fund

Minister Shane Jones is in the East Coast as part of his Provincial Growth Fund tour. He is announcing a tranche of support for economic growth initiatives as well as expanded employment opportunities.

An investment of $27.1 million which is on top of the $152 million already committed from the PGF to the region.

The three initiatives receiving funding today are:

  • Wood Cluster Centre of Excellence – $19.5 million
  • Matai Medical Research Institute – $6 million
  • Aotearoa Social Enterprise Trust – $2 million

Wood processing is the biggest growth opportunity in Gisborne and the Wood Cluster Centre of Excellence is being developed as a hub for wood processing and wood products. Marketing, distribution, training and research will also be focus and centre development will generate 30 jobs in it’s first stages.

The Matai Medical Research Institute is looking to establish a MRI lab at the Gisborne Hospital. This will bring 25 new jobs to the region, and substantially contributing to the health of New Zealanders.

Aotearoa Social Enterprise Trust gets support for construction of a food processing facility to help get more long-term unemployed people into jobs. The Charitable Trust currently provides pastoral care to keep people in work and the support received from the PGF will put the long-term unemployed or those not in education, employment or training on the path to independence.

 

http://gisborneherald.co.nz/localnews/4182761-135/pgf-provides-271m-funding-boost-for?fbclid=IwAR2iZG2XnTeQ9gnON8C8mOUZfwEZ6zvzt1GOaYvrB16YFUfDYlT5RJUgrxc

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