Last year, I announced that the Government will invest $27.4 million to revamp our Lakefront and Whakarewarewa Forest. We've partnered with the local council, amplifying the investment on these projects because we know it will help to unlock Rotorua's full potential as a world-class tourist destination and drive economic growth and job creation in the entire region.
But this isn't the only investment we've made in the region. In total, we've announced $59m worth of investments across the Bay of Plenty and we know they are already making a difference.
Take Minginui nursery, for example, where the PGF has given a $5.8m boost to allow the nursery to grow up to one million native trees every year and expand its current workforce. This is investing to not only grow our regions but strengthen our communities.
These are wonderful and exceptional examples of what the PGF is being used for. It is a fund designed to grow our provinces and it is investments like these that will generate great returns for our regional economies.
When it comes to regional economic development and growing our regions, it's time to get it right. We can make a difference – strong infrastructure, thriving sectors, and employment opportunities for local people.
We know that the full impact of the Provincial Growth Fund will be massive. Early indications are positive, and local people are clear that investments are making a difference to their communities and their lives already.
What is clear is this Government's priority is to support thriving, sustainable regions, and is making sure every Kiwi can share in a growing and prosperous economy.
For more information about the Provincial Growth Fund, please visit - https://www.growregions.govt.nz/