PGF provides $27.5m funding boost for Tairawhiti

Shane Jones due to visit Gisborne today. File picture

More than 50 new jobs and a multimillion-dollar medical research lab, with potentially global significance, are heading to Gisborne, with a $27.5m 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”.

“The funding will go a long way to support employment, accelerate new enterprise, enhance environment projects and mitigate climate change.

“Funding for ASET will help train more people, employ more people, and make new products not on the market.

“We thank minister Jones the local and national PGF team support our project, it has been 12 months in the making. We are also supported by ECT to help scale up our produce section.”

Those PGF funds would be further boosted with support from ECT, with the trust providing $250,000 to ASET. In addition, ECT would provide $1m to Matai Medical Research, alongside ECT’s overall investment of $17m in the wood cluster to date.

ECT community engagement manager Audine Grace-Kutia said the trust was thrilled to support and see these projects supported by the Provincial Growth Fund.

"The $5.5m received from the PGF for the new Airport terminal was a prime example of local collaboration between the PGF, iwi, local Government, Eastland Group, stakeholders and the Trust - it is fantastic to see the momentum from this strong joint approach carry on throughout the region, into other projects like the continued growth of the wood cluster, ASET and Matai.”

More PGF funding announcements for Tairawhiti are expected later today.

More than 50 new jobs and a multimillion-dollar medical research lab, with potentially global significance, are heading to Gisborne, with a $27.5m 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”.

“The funding will go a long way to support employment, accelerate new enterprise, enhance environment projects and mitigate climate change.

“Funding for ASET will help train more people, employ more people, and make new products not on the market.

“We thank minister Jones the local and national PGF team support our project, it has been 12 months in the making. We are also supported by ECT to help scale up our produce section.”

Those PGF funds would be further boosted with support from ECT, with the trust providing $250,000 to ASET. In addition, ECT would provide $1m to Matai Medical Research, alongside ECT’s overall investment of $17m in the wood cluster to date.

ECT community engagement manager Audine Grace-Kutia said the trust was thrilled to support and see these projects supported by the Provincial Growth Fund.

"The $5.5m received from the PGF for the new Airport terminal was a prime example of local collaboration between the PGF, iwi, local Government, Eastland Group, stakeholders and the Trust - it is fantastic to see the momentum from this strong joint approach carry on throughout the region, into other projects like the continued growth of the wood cluster, ASET and Matai.”

More PGF funding announcements for Tairawhiti are expected later today.

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