PGF Backing Regional Projects Through Loans

  • Apr 30, 2020 NZST
  • Team Kalkine
PGF Backing Regional Projects Through Loans

Shane Jones, Regional Economic Development Minister, has said that more than $48 million in loans from the PGF (Provincial Growth Fund) will be siphoned into regional projects that will help to compensate the unfavourable impact of the coronavirus on the economy.

The government believes that concluding these PGF loans and putting the required capital into the regions over the upcoming few months shall support longer-term economic stability and generate sustainable employment in the regions.


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