Report says grants to manufacturing sector have positive impact

Eighty per cent of grant recipients said they expected their business to increase innovation in the future. (Image: Getty)

Jem Traylen

Wed, 26 Jul 2023

A report commissioned by the government’s regional economic development and investment unit, Kānoa, says its funding of the manufacturing-engineering sector has led to more jobs, innovation, and productivity gains.Since 2018, the government has allocated $4.5 billion towards a range of funds managed by Kānoa, of which $79.1 million was invested in 47 projects in the manufacturing-engineering sector.Report author, Business and Economic Research Ltd (Berl) said the funding was matched by $29.3m in investment by recipients and estimated that...

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