Provincial Growth Fund
Through the Provincial Growth Fund, central government has committed to investing $1 billion per annum over three years in regional economic development.
The Provincial Growth Fund aims to lift productivity potential in the provinces. Its priorities are to enhance economic development opportunities, create sustainable jobs, enable Māori to reach their full potential, boost social inclusion and participation, build resilient communities, and help meet New Zealand’s climate change targets.
All provinces are eligible for funding, however, Tairāwhiti/East Coast, Hawke’s Bay, Tai Tokerau/Northland, Bay of Plenty, West Coast and Manawatū-Whanganui have been identified for early investment.
- The Fund's criteria
- How to apply
- The Fund's structure
- Further information
- Senior Regional Officials
- Launch video
Projects will be assessed against criteria organised around four themes:
- Link to Fund and government outcomes – The project should lift the productivity potential of a region or regions, and contribute to other objectives. These include jobs, community benefits, improved use of Māori assets, sustainability of natural assets, and mitigating and adapting to climate change.
- Additionality – The project needs to add value by building on what is there already and not duplicating existing efforts. The project also needs to generate clear public benefit.
- Connected to regional stakeholders and frameworks – Projects must align with regional priorities. They will need to have been discussed and agreed with relevant local stakeholders.
- Governance, risk management and project execution – Projects will need to be supported by good project processes and those involved should have the capacity and capability to deliver the project. Projects need to be sustainable in the longer term beyond the Fund’s life.
Projects will be assessed to ensure that any investment fits with their scale and risk profile. The overall package of investments will be tracked to ensure strategic fit. Individual projects need to support and build on one another.
There are no application rounds for the Fund. If you have not previously discussed your project with central government officials, you can complete an Expression of Interest [PDF 39KB], which explains what you are proposing to do. If you have a fairly well developed idea that requires under $1 million of central government funding, you may be ready to complete an application form [PDF 488KB].
Completed Expressions of Interest and applications can be emailed to PGF@mbie.govt.nz.
If the project requires over $1 million of central government funding, please contact us at PGF@mbie.govt.nz to discuss the application process.
- Provincial Growth Fund - Expression of interest form [DOCX 39KB]
- Provincial Growth Fund - Application form [DOCX 48KB]
The Fund has three investment tiers which will deliver its priorities:
- Regional projects and capability: Support of economic development projects, feasibility studies and capability building identified by the regions.
- Sector investment (including One Billion Trees programme): Investment in initiatives targeted at priority and/or high value economic opportunities.
- Enabling infrastructure projects: Investment in regional infrastructure projects that will lift productivity and grow jobs.
The Fund will be overseen by a core group of Regional Economic Development Ministers. The Minister’s group will monitor the Fund’s performance and discuss regional opportunities.
To support the Fund’s implementation two new groups will be established – a Provincial Development Unit in the Ministry of Business, Innovation and Employment, and an Independent Advisory Panel.
- The Unit will be responsible for leading the Fund’s design, its administration and monitoring its operation in consultation with other government agencies.
- The Panel will provide independent advice on sector projects and the balance of the portfolio of investments.
The type of project and scale of investment will determine how funding is approved and who makes those decisions.
- One Billion Trees Programme
- Provincial Growth Fund: Summary [PDF 425KB]
- Provincial Growth Fund: Strategic priorities - December 2017 [PDF 78KB]
- Cabinet paper: December 2017 [PDF 247KB]
- Cabinet paper: February 2018 [PDF 394KB]
Senior public servants from various agencies lead government work in each area.
Senior Regional Official
Ben Dalton, Ministry for Primary Industries
Paul Stocks, Ministry of Business, Innovation and Employment
Ruth Bound, Ministry of Social Development
Carl Crafar, Ministry of Justice
Al Morrison, State Services Commission
Di Grennell, Te Puni Kōkiri
Te Tau Ihu (Top of South)
Helen Wyn, Department of Internal Affairs
Bruce Parkes, Department of Conservation
Penny Nelson, Ministry for the Environment