Regional development contributes to a more diversified, resilient and productive New Zealand
Investing in regions helps reduce disparities, creates jobs, improves living standards, strengthens social cohesion, empowers local communities and solutions to problems, promotes responsible resource management, improves resilience, and ultimately enhances the economy. New Zealand’s long-standing infrastructure deficit means regions face challenges with access to capital. Establishing the $1.2b Regional Infrastructure Fund (RIF) as part of the Coalition Agreement of the new government will help address this.
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