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Provincial growth fund

Provincial growth fund

Source: BusinessNZ
--
The launch of the Provincial Growth Fund has the potential to boost the performance of the regions as economic opportunities are generated through investment, BusinessNZ chief executive Kirk Hope says.

"Lifting productivity and growing jobs in regional New Zealand and strengthening local communities would be positive for the economy as a whole.

"Getting more people into education, training and employment in the regions would further help address skills shortages in critical industries," Mr Hope said.

Mr Hope added it was comforting to see a robust process in place for distribution of the Fund, with disbursements over $20 million needing Cabinet approval.

ENDS

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