Wellington, June 16, 2022The Provincial Growth Fund (PGF) is successfully creating jobs and boosting regional economic growth, according to an independent evaluation report. The Fund has provided regions with billions of dollars, which not only ensures economic security as we emerge from the pandemic but also supports the transition to a low-emissions economy. Increased employmentThe PGF has thus far committed $3 billion in funding, with $1.87 billion paid out so far. Of the 1359 projects approved for funding, over 500 have already been completed, resulting in over 16,000 jobs and improved economic outcomes for our regions. The report was undertaken by independent policy and regulatory specialists Allen + Clarke and looked at how the PGF operates and contributes to regional outcomes.

Source: New Zealand Herald June 16, 2022 05:34 UTC