Shane Jones: More putea for East Coast

Wednesday 10 Jul 2019

PGF 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”.

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Source: Gisborne Herald

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