An innovation and enterprise park at Ngāwhā has moved a step closer with $19.5 million from the Government's Provincial Growth Fund.
The PGF is providing up to $19.5 million to boost innovative primary sector businesses and create training and job opportunities for Northlanders through the construction of an innovation and enterprise park at Ngāwhā, Regional Economic Development Minister Shane Jones announced in Kaikohe today.
The investment will go towards finalising pre-construction work at the site near Kaikohe and building infrastructure and services such as earthworks, roading, water and power.
The funding comes after the PGF gave $897,000 to Far North Holdings towards a business case for the park in 2019.
"The construction of the Ngāwhā Innovation and Enterprise Park will be a major infrastructure project for the region which could change the lives of many locals in an area of high economic deprivation," Jones said.
When stage 1 of the park is up and running it is expected to provide around 250 new full-time jobs and 50 training roles a year. These numbers are expected to grow to around 500 as further development takes place.