Almost $50 million of Provincial Growth Fund (PGF) money has been allocated for more than 100 business and feasibility studies nationwide.

And, according to information provided by the Provincial Development Unit – the Government entity which dishes out the $3 billion pot – just 10 per cent of what has been promised by the Government has actually been passed on to businesses.

Regional Economic Development Minister Shane Jones has defended the $50m spend on the business cases and studies.

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Gisborne has been allocated a further $30 million, bringing its total PGF funding to $180m
$68 million PGF

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