New fund for regional ecomonic growth
Economic and Regional Development Minister Stuart Nash Stuart Nash. Photo. RNZ.
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The government has taken the next step to boost regional economic recovery with the establishment of the new fund to replace the Provincial Growth Fund.
Economic and Regional Development Minister Stuart Nash says the new fund is a vital part of post-Covid recovery efforts.
“Today we are launching the $200 million Regional Strategic Partnership Fund, which delivers on a manifesto commitment to keep supporting economic recovery in the regions,” says Nash.
“Over this Parliamentary term the RSPF has three goals. It will work in local partnerships to enable economic and business development, accelerate Māori economic aspirations, and support sector transformation. Each region will help decide its own priorities.”