About the Provincial Growth Fund (PGF)
Government has committed to investing $3 billion over three years in regional economic development.
The PGF aims to lift productivity in the provinces. Its priorities are to enhance economic development opportunities, create sustainable jobs, enable Māori to reach full potential, boost social inclusion and participation, build resilient communities, and help meet New Zealand’s climate change targets.
Oversight of the Fund
Two new groups have been established to support the Fund's implementation; a Provincial Development Unit (PDU) in the Ministry of Business, Innovation and Employment, and an Independent Panel.
The PDU 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 Provincial Growth Fund is overseen by a core group of Regional Economic Development Ministers. The Ministers make decisions on proposals and monitor the overall performance of the PGF.
The type of project and scale of investment determines how funding is approved and who makes those decisions.
Senior Regional Advisors (SROs) are the key point of contact in the regions.
Subscribe to updates
Keep up-to-date with the latest news about the PGF.
If you have any questions please email PGF@mbie.govt.nz and one of our team will be in touch.
We aim to respond to all communications within a week, however, in busier periods this can take a bit longer. Please be assured we do make every effort to respond as quickly as we can.