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Provincial Growth Fund
$1.70B invested in regional New Zealand development
$1.70B
Approved Funding
$1.47B
Paid (86.4%)
1,000
Projects
14
Regions
7,310
Jobs Created
Funding Types
Grant
$1.07B
883 projects
Loan
$250.9M
62 projects
Grant - Vote Transfer
$212.8M
14 projects
Equity
$75.8M
6 projects
Funding by Region
1. National$388.6M
106 / 42 jobs
2. Bay of Plenty$376.2M
225 / 1,650 jobs
3. Tai Tokerau/Northland$307.8M
110 / 2,327 jobs
138 / 1,094 jobs
5. Hawke's Bay$174.1M
163 / 1,145 jobs
6. Otago$94.6M
89 / 336 jobs
7. Southland$69.5M
56 / 251 jobs
8. Canterbury$62.8M
81 / 206 jobs
9. Chatham Islands$14.1M
14 / 18 jobs
10. Kāpiti$6.0M
9 / 236 jobs
11. Auckland$2.1M
5 / 0 jobs
12. West Coast$240K
1 / 0 jobs
2 / 0 jobs
1 / 5 jobs
Funding by Sector
1. Forestry$337.3M
136
2. Tourism$257.4M
202
3. Rail$217.6M
12
4. Training Skills / Employment$159.0M
127
5. Regional Projects$143.3M
220
6. Water Storage / Management$100.7M
28
7. Road$88.3M
30
8. Ports$85.3M
21
9. Agriculture / Horticulture$76.0M
52
10. ICT & Digital Connectivity$75.4M
32
11. Manufacturing / Engineering$65.2M
43
12. Aquaculture$41.8M
8
13. Wood Processing$22.9M
8
14. Capability / Capacity$21.6M
62
15. Food & Beverage$5.3M
9
16. Airports$2.5M
4
17. Construction and Housing$1.2M
1
18. Energy$771K
4
19. Waste / Recycling$82K
1
Top 20 PGF Projects
| # | Project | Recipient | Region | Approved | Jobs |
|---|---|---|---|---|---|
| 1 | Crown Forestry Joint Ventures - Tai Tokerau/Northland | Various | Tai Tokerau/Northland | $102.8M | - |
| 2 | Regional Rail Investment (1 of 2) | KiwiRail Holdings Limited | National | $80.0M | - |
| 3 | Regional Rail Investment (2 of 2) | KiwiRail Holdings Limited | National | $50.0M | - |
| 4 | Central North Island (CNI) Regional Growth Hub (Te Utanganui) | KiwiRail Holdings Limited | Manawatū-Whanganui/Horowhenua | $40.0M | 43 |
| 5 | Departmental Opex over 10 years | Ministry for Primary Industries | National | $39.6M | - |
| 6 | Ōpōtiki Mussel Farming and Production Facility - Equity 1 | Whakatohea Mussels (Ōpōtiki) Limited | Bay of Plenty | $26.9M | 36 |
| 7 | Deferred Maintenance and Drainage Improvements | KiwiRail Holdings Limited | National | $26.0M | - |
| 8 | Wilding Conifer Programme | Ministry for Primary Industries | National | $21.0M | - |
| 9 | Rebuild of Rotorua Museum - Manifesto Contingency | Rotorua Lakes Council | Bay of Plenty | $20.0M | - |
| 10 | Kiwirail Dunedin Hillside Workshops | KiwiRail Holdings Limited | Otago | $20.0M | 100 |
| 11 | Rotorua Lakefront Development - Provincial Growth Fund | Rotorua Lakes Council | Bay of Plenty | $19.9M | - |
| 12 | Route 52: Waipukurau to Pōrangahau (Physical Works) | Central Hawkes Bay District Council | Hawke's Bay | $19.8M | 36 |
| 13 | Development of Ngāwhā Innovation & Enterprise Park | Far North Holdings Limited | Tai Tokerau/Northland | $19.5M | 0 |
| 14 | Hundertwasser Arts Centre and Wairau Māori Art Gallery - Physical project | Whangarei Art Museum Trust | Tai Tokerau/Northland | $18.5M | 500 |
| 15 | Rangiuru Business Park Motorway Interchange | Quayside Properties Limited | Bay of Plenty | $18.0M | 0 |
| 16 | Crown Forestry Joint Ventures - Otago | Various | Otago | $16.4M | - |
| 17 | Crown Forestry Joint Ventures - Manawatū-Whanganui/Horowhenua | Various | Manawatū-Whanganui/Horowhenua | $15.5M | - |
| 18 | Red Stag Wood Processing Hub | Red Stag Wood Solutions Limited | Bay of Plenty | $15.0M | - |
| 19 | New Zealand Regional Elevation Data Capture Project - PARENT DEAL | Land Information New Zealand | National | $14.6M | - |
| 20 | Māori Battalion Museum - Development and Construction | The Waitangi National Trust | Tai Tokerau/Northland | $14.0M | 214 |
Top 20 PGF Recipients
#1KiwiRail Holdings Limited
$232.0M13 projects
#2Various
$170.9M22 projects
#3Ministry for Primary Industries
$74.6M7 projects
#4Rotorua Lakes Council
$50.0M9 projects
#5National Infrastructure Funding and Financing
$44.6M16 projects
#6Hawke's Bay Regional Council
$40.8M12 projects
#7Whakatohea Mussels (Ōpōtiki) Limited
$33.8M3 projects
#8Far North Holdings Limited
$32.1M8 projects
#9Te Tai Tokerau Water Trust
$30.0M3 projects
#10Whanganui District Council
$26.8M7 projects
#11Central Hawkes Bay District Council
$25.1M12 projects
#12Whakatāne District Council
$21.7M11 projects
#13Predator Free 2050 Limited
$19.5M16 projects
#14Invercargill Central Limited
$19.5M2 projects
#15Kaipara District Council
$18.7M11 projects
#16Whangarei Art Museum Trust
$18.5M1 projects
#17Wairoa District Council
$18.3M13 projects
#18Quayside Properties Limited
$18.0M1 projects
#19Ruapehu Alpine Lifts Limited (In Receivership and in Liquidation)
$17.0M3 projects
#20New Zealand Transport Agency
$16.3M9 projects
Project Status Overview
Complete
881
$1.08B
Contracted
110
$618.1M
Contracted Withdrawn
8
$3.7M
Approved
1
$815K
Key Insights
Top Funded Region
National
$388.6M across 106 projects
Average Project Size
$1.7M
Per project funding
Jobs per $1M Invested
4.3
Job creation efficiency