Company

Prime SPV Limited

Tairāwhiti/East Coast

$22,158,000

Total Approved

$22,158,000

Total Paid

4

Projects

100%

Paid Out

Projects (4)

Provincial Growth Fund

(3 projects)
ProjectAgencyRegionStatusApprovedPaid

Prime Sawmill Upgrade Stage 1

To upgrade the sawmill in Gisborne, to meet the operational requirements of the new operator.

Wood Processing
Ministry of Business, Innovation & EmploymentTairāwhiti/East CoastContracted$12,100,000$12,100,000

Wood Cluster: Heat Plant Development Loan 2

To develop a new process heat plant at the Gisborne Wood Cluster, which will only service glulam production lines, freeing the existing heat to plant to only service the sawmill.

Wood Processing
Ministry of Business, Innovation & EmploymentTairāwhiti/East CoastContracted$5,458,000$5,458,000

Wood Processing Capability Assistance

Employment of a Wood Processing Commercial Development Manager to lead regional wood processing strategic planning and to seek to increase wood processing in Tairawhiti.

Capability / Capacity
Ministry of Business, Innovation & EmploymentTairāwhiti/East CoastComplete$100,000$100,000

Regional Strategic Partnership Fund (RSPF)

(1 projects)
ProjectAgencyRegionStatusApprovedPaid

Prime Sawmill Upgrade Stage 2

To improve processes for the Sawmill, transitioning and increasing operation to a double shift model.

Wood Processing
Ministry of Business, Innovation & EmploymentTairāwhiti/East CoastComplete$4,500,000$4,500,000