"This will be an actively managed hub that will bring together complementary activities such as manufacturing, construction, innovation, and research and development. It will support training and pathways to employment for locals.''
Davis said the PGF will also invest just over $178,000 in Tē Pu o Te Wheke - The Heart of Ngāpuhi to develop a business case to establish a multi-use, leading edge community, cultural and tourism hub to revive Kaikohe's main centre.
"The Mid-North has massive potential and after years of neglect this Government is going to unlock it through the PGF," he said.
The announcement at 2.30pm today came hours after Davis had announced the PGF was investing more than $2 million in two initiatives which he says will further enhance Whangārei as a tourist destination and support the region's economic growth.
The PGF will give $1.3 million towards the completion of a feasibility study and business case for the development of the planned $200m Riverside Hotel and Entertainment Precinct.
Another of $750,000 will help build a full scale version of an operational rolling ball clock promoting Clapham's National Clock Museum at the Town Basin.
The funding means Northland projects have so far been given $104.4m from the PGF.