Thursday, May 30, 2024

$24m announced for 10 regional projects

Regional Development Minister, Kiri Allan, today announced $24 million worth of investment in 10 diverse projects.

Minister Allan said New Zealand’s regions were the backbone of the economy and today’s announcement continues to build on the Government’s investment in regional economic resilience.

“Through a mix of grants and loans, we’re investing in projects that will enable our regional businesses to continue to grow. From innovative crop farming to training projects, orchard development to sporting facility revamps, these investments will help accelerate business developments and advance work and training opportunities, adding to the vibrancy and appeal of our regions,” Minister Allan said.

The projects are being funded through the Regional Strategic Partnership Fund, which aims to support regional economies to become more productive, resilient, inclusive and sustainable by delivering local approaches tailored to regions’ particular needs and advantages.

The projects being funded are:

Tai Tokerau / Northland

Te Uri o Hau Avocado Orchard Development, Renaissance Group Ltd, $1.74m RSPF loan – Development of a 20-hectare Haas avocado orchard near Te Kōpuru, south of Dargaville.

Waikato

Clean Technology for Fertiliser, Tnue Limited, $1.1m RSPF loan – Supporting the construction of a new geothermal energy uplink, which will provide process heat in the manufacturing of slow release fertiliser membranes.

Maraetai Road lntermodal Business Park (MRIBP), South Waikato District Council, $3m RSPF grant – Development of a new intermodal business park with good connectivity to the existing Tokoroa Road Rail Terminal and State Highway 1.

He Ahi – Stage 1, He Ahi Limited Partership, $4.0m loan – Development and construction of an industrial park with geothermal process heat options.

Tairāwhiti / East Coast

Judds Composting, JUDDS Ltd, $4.0m RSPF loan – Construction of a fit-for-purpose Static Aeration Facility to allow Judds existing composting operation to take in other waste streams from in and near Gisborne which are otherwise being landfilled.

Te Matau a Māui / Hawke’s Bay

Building Futures, bbi Wood Products, $2.0m RSPF loan – Expanding bbi Wood Products’ and Tumu Group’s Building Futures programme for disadvantaged youth, as well as complementary regional training and employment initiatives.

Ngāti Pāhauwera Apple Development, Ngāti Pāhauwera Commercial Development Limited, $3.5m RSPF loan – Developing the initial phase of a 60-hectare orchard near Wairoa for horticulture.

Manawatū Whanganui Horowhenua

Foxton Scale Up Project – Phase 1, 26 Seasons Limited, $2m RSPF loan – Supporting growth of indoor hydroponics-based horticulture business.

Nelson

SnapIT Scale Up Project, Snap Information Technologies $2.5m RSPF loan – Scaling up SnapIT to support manufacturing and development of its live camera, AI hardware and satellite communication system technology.

Timaru

Fraser Park, Fraser Park Redevelopment Trust, $500k RSPF grant – Redevelopment of Fraser Park facility into a multi-event arena.

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