Investment in our regional economies continues.
PUBLISHED: 8 AUGUST, 2023
The Government is continuing to invest in our regional economies as part of an ongoing strategy to develop these areas to become more productive, resilient, inclusive and sustainable.
On Friday 28 July, Minister of Regional Development, Kieran Mcnaulty announced a $48.5 million investment from the Kānoa Regional Economic Development and Investment Unit’s Regional Strategic Partnership Fund (RSPF). This investment will support 13 projects around New Zealand, including nearly $14 million to generate economic activity in the cyclone Gabrielle-hit east coast.
“We continue to invest in those regional economies where there is best impact, and where unique business activities can flourish in those local settings. This enables regional economies to become more productive, resilient, inclusive and sustainable,” Kieran McAnulty says.
Since 2018, $3.2 billion has been paid out from the 8 regional investment funds administered by Kānoa to support our region’s economies. 1,148 projects have been completed.
“Through a mix of grants, loans and equity, we’re investing in projects that will enable
our regional businesses to continue to grow.”
The Regional Strategic Partnership Fund
Latest RSPF projects
Supporting the manufacturing of solar powered robot lawn mowers in Palmerston North for the Asia/Pacific market.
Recipient: SunScout Limited
Amount: $3.0 million RSPF loan