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
- Who can apply?
- How to apply
- Expression of Interest
- Submitting an application
- How are decisions made on funding?
- What can be funded and what is the maximum limit?
- 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.
Individuals, non-government organisations, iwi, companies, charities and can all apply to the Fund.
All New Zealand companies, including those that are foreign-owned, may be eligible if they are looking to make investments in New Zealand.
The three main metropolitan areas – Auckland, Wellington and Christchurch – are not eligible.
The priority regions for early investment are Tai Tokerau/Northland; Toi Moana/Bay of Plenty, Tairawhiti/East Coast, Manawatu-Whanganui and Tai Poutini/West Coast, but applications are welcome from other regions.
It’s best to first check out the background information on the Fund, including the criteria, how to apply, who is eligible and Expression of Interest and Application forms which are available at www.mbie.govt.nz/regions.
If you have any questions email PGF@mbie.govt.nz and a regional advisor will in touch within three weeks if not sooner.
Alternatively you could submit an Expression of Interest or an Application.
If you are not sure whether your project is eligible for the PGF, you can submit an Expression of Interest [PDF 684KB]. This will help us to understand your proposal and eligibility.
One of our regional advisors will contact you within three weeks to discuss your EOI and any additional information that may be needed. They can provide you with advice and support where necessary.
If you are confident your project is eligible, then you can submit an application form [PDF 713KB].
The information you provide will help us to assess and evaluate eligible projects and investment opportunities.
One of our regional advisors will contact you within three weeks to discuss your application and any additional information that may be needed. They can provide you with advice and
support where necessary.
Completed Expressions of Interest and applications can be emailed to PGF@mbie.govt.nz.
Once the application is submitted, it will be entered into our system for consideration and go through our approval process, which includes a regular cycle of decision-making meetings.
The Fund has three investment tiers:
- 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.
There are no set limits for funding. Applications will be assessed against these criteria.
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 645KB]
- 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