Sixteen Bay of Plenty businesses and organisations have put their hands up for a piece of the Government's Provincial Growth Fund.
Through the fund, launched in February, the Government has committed to investing $1 billion per annum over three years in regional economic development.
Rotorua Lakes Council is one organisation which has asked for part of the fund.
It applied for $800,000 from the fund for projects at the Lakefront and Whakarewarewa Forest, strategy group manager Jean-Paul Gaston said.
"[They are] projects that will drive future progress and enhance Rotorua's strengths, with potential to provide economic and community benefits, support iwi investment and return on investment and create local jobs," Gaston said.
"Bay of Plenty is among the regions identified for early investment from the fund and the Lakefront and forest projects fit the fund's aims and priorities."