Shane Jones: More putea for East Coast
Wednesday 10 Jul 2019PGF provides $27.1m funding boost for Tairawhiti - More than 50 new jobs and a multimillion-dollar medical research lab, with potentially global significance, are heading to Gisborne, with a $27.1m funding boost from Shane Jones’ Provincial Growth Fund.
The Regional Economic Development Minister Shane Jones today confirmed a further investment to support medical research, wood processing and social enterprise to further enhance Tairawhiti’s economic potential, in addition to the $152 million already committed to the region from the PGF.
“The PGF is making a major investment in wood processing, the biggest growth opportunity in Gisborne. We’ll also invest in a local social enterprise so it can build on its current success, and we’re backing the establishment of a medical research lab which could create benefits globally.”
Overall, Mr Jones confirmed $19.5m for Eastland Community Trust’s Wood Cluster Centre of Excellence, $6m for the Matai Medical Research Institute, and $2m for Aotearoa Social Enterprise Trust, which places young people into paid work.
Mayor Meng Foon, who is also chairman of ASET said the PGF continued to be “great for Tairawhiti”.
Source: Gisborne Herald
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