30th March 2020 By Staff Reporter | news@tourismticker.com | @tourismticker
The Hundertwasser Art Centre in Whangarei has been granted up to $10m from the PGF
The $3bn Provincial Growth Fund is being repurposed to combat the impact of the coronavirus pandemic.
The government’s Provincial Development Unit said on Friday that it was “working across government, business, and industry to protect jobs and businesses as the global economic downturn due to the Covid-19 outbreak continues to impact on our regions”.
The fund has committed more than $150m in grants and loans to tourism projects across the country including the Hundertwasser Art Centre in Whangarei, Ruapehu Alpine Lifts’ Sky Waka and luxury options for KiwiRail’s TranzAlipine and Coastal Pacific services.
“The PGF is still in action and will be even busier over the next few weeks as it rolls out more financial support for the regions,” said the PDU.
About $600m remains unallocated from the fund, which was set up to deploy it’s $3bn over three years starting in 2018.
“Funds that are unallocated from the PGF are to be redirected into regional projects that will have an immediate impact to support workers and businesses, and stimulate local economies,” said the PDU.
More information would be released by the Government in the coming weeks about how and where the fund would invest.
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