NZD 140 mln PGF boost to capitalise on future opportunities for West Coast

The Prime Minister is on the West Coast alongside Regional Economic Development Minister Shane Jones and Agriculture Minister Damien O’Connor to announce the PGF funding.

The Government is investing significantly in the West Coast through the Provincial Growth Fund (PGF) to strengthen the region’s economy and create new jobs with a $140 million investment package announced by Prime Minister Jacinda Ardern today.

The Prime Minister is on the West Coast alongside Regional Economic Development Minister Shane Jones and Agriculture Minister Damien O’Connor to announce the PGF funding.

“This Government is committed to funding regional growth because local jobs and businesses drive resilient, thriving communities and the West Coast has so much potential,” Jacinda Ardern said.

“That’s why the Government is investing $140 million through the Provincial Growth Fund to capitalise on future opportunities for the West Coast.”

Projects announced today include:

$87.46 million for tourism, ensuring the region’s popular sites and unique environments are protected and offer high-quality experiences for visitors

$32.8 million for extending ultra-fast broadband and mobile coverage

$10 million for a garnet mining project at Ruatapu$9.9 million for a milk segregation project with Westland Milk Products

“The projects announced today also reflect the priorities of the Tai Poutini Economic Development Strategy and focus on the key sectors already driving the region’s economy, which increases the chances of success,” Shane Jones said.

“This is a significant boost for the West Coast and demonstrates how the Government is partnering with the region to support projects that will build a better future for rangitahi and everyone here,” Shane Jones said.

(With Inputs from New Zealand Government Press Release)