Regional Economic Development Minister Shane Jones has announced a round of spending from the Provincial Growth Fund, with about $20 million going into the Taranaki region.
Mr Jones, Conservation Minister Eugenie Sage and Under Secretary Fletcher Tebuteau today provided details of a new project called "Tapuae Roa: Make Way for Taranaki Action Plan".
While Taranaki has traditionally relied on oil, gas, minerals and dairy for its economy, the new project is aimed at transitioning to a more modern and diverse economy acknowledging the shift to renewable energy and alternative industries.
"The region is transitioning to a modern, high-value economy based on the skills, enterprise and knowledge of its people," Mr Jones said.
"The Action Plan identifies "four futures" – energy, food, Māori economy and visitor sector futures. All of the actions combined will work to grow Taranaki's talent and entrepreneurial mindset."
Investment will be as follows:
Taranaki Cathedral Church of St Mary $500,000
Taranaki Crossing Experience $13,340,000
New Energy Development Centre - business case $100,000
H2 Taranaki Hydrogen Road Map $50,000
Future Foods - Major Food Opportunities $125,000
Future Foods - Food Network $50,000
SH43 $400,000
Taranaki Innovation Precincts $100,000
Maori Education and Enterprise Stocktake $100,000
Tapuae Roa Support $210,000
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