Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Provincial Growth Fund creating jobs in the regions

5 February 2018


The Provincial Growth Fund (PGF) is on track to create thousands of jobs says Robert Pigou, the Head of Investment Management at the Provincial Development Unit.

“As the administrators of the Provincial Growth Fund we welcome scrutiny of our work and discussion about the impact the PGF is having in New Zealand’s regions,” Robert Pigou said.

“The Provincial Growth Fund will create jobs in the regions, but job creation does not happen overnight. An expectation otherwise fails to appreciate and understand the fundamentals of project delivery and the fact that work takes time to scale-up.

“Funding is announced in principle, after which contracts are negotiated and applicants work to secure their co-funding requirements. In some cases this may take up to six months. Only then will the project receive any funding from the PGF.

“The Provincial Development Unit is proactively releasing information about the work we are doing, including key measurements like jobs created. These figures are updated as we receive new information and analysis – for example as projects ramp up delivery. We caution against the selective interpretation of this data without taking into account wider context.

To date the Provincial Growth Fund has committed to invest in a number of projects including infrastructure like road and rail, tourism initiatives like the redevelopment of Rotorua’s lakefront, and Te Ara Mahi, a programme to directly support a range of skills and employment initiatives in the regions.



“As careful stewards of public money we have a duty to ensure that our investments lead to sustained and meaningful outcomes (including increased jobs) in our regions. For many projects this means funding feasibility and business cases to test assumptions and to ensure these projects are primed for further funding.

“Initial work done by applicants as part of their submissions to the Provincial Development Unit shows that over 10,000 jobs may be created as a result of PGF investment. This includes jobs created in the construction and delivery of projects, and across the wider economy.

“The PGF is supporting long term projects and developments and therefore it will take some time to understand the impact the PGF will have on employment outcomes. Evaluation of the PGF will include economic growth and the number of direct and indirect jobs created.

“We are working to grow New Zealand’s regions and drive sustainable economic development in our provincial towns and cities. The focus of the PGF remains to work with provincial New Zealand, especially the surge regions to ensure the investments being made are improving the lives of local people and making a difference for business, iwi and communities,” Robert Pigou said.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sir Michael Cullen’s Tax Reform

To ordinary wage and salary earners who (a) watch a slice of their gross income being taxed every week via PAYE and who also (b) pay GST on every single thing they buy, there has been something quite surreal about the centre-right’s angry and anguished reactions to the Tax Working Group’s final report... More>>

 
 

89 Cents An Hour: Govt Plans Fix For Minimum Wage For People With Disabilities

IHC is delighted that the Government is looking into replacing the Minimum Wage Exemption (MWE) with a wage supplement to ensure people with disabilities are paid at least the minimum wage. More>>

ALSO:

Te Waihanga: New Independent Commission To Tackle Infrastructure Issues

The New Zealand Infrastructure Commission – Te Waihanga – will be established as an Autonomous Crown Entity to carry out two broad functions – strategy and planning and procurement and delivery support. More>>

ALSO:

Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>

ALSO:

Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>

ALSO:

Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>

ALSO:

Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>

ALSO:

Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels