Labour is backing our regions for recovery
Our regions are a vital part of our economic recovery plan. They’re home to innovative and creative businesses, and the backbone of our export economy - which is why Labour will continue to support our regions to grow as together, we rebuild better.
This week, we announced our regional economic development policy, which sets out our plan to back our regions for recovery. We want to build on our Government’s previous regional investment, so we can continue to support our regions to make the most of their strengths as together, we recover from COVID-19.
As part of our policy, we announced that, if re-elected, we will prioritise investments in our regions with a new $200m fund to support their economic development.
Every region has a role to play in our recovery and our new targeted $200 million fund will support regions to put their tailored plans into action, building on their unique features to attract new investment, improve productivity, increase skills and wages, and strengthen existing businesses.
The Government has also allocated $42 billion for capital projects such as new roads, schools, hospitals and shovel-ready projects across the country to help stimulate growth and create jobs as a key plank in our COVID recovery.
Backing our regions for recovery is one part of our plan to keep New Zealand moving. It complements our long-term infrastructure plan to provide a pipeline of projects across state housing, transport, schools, hospitals, waste and water, and our free apprenticeships and trades training to build a workforce for the future.
We will continue to manage the economy responsibly. And right now, being responsible means investing in our people, businesses, communities and vital services during these challenging times, so we can keep our economy moving as we rebuild New Zealand together.
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