Opinion

DAVID CHAPLIN: Last drinks for the PGF

David Chaplin
Fri, 14 Aug 2020

That’s it. The Provincial Growth Fund party is over.This week the PGF officially pulled the plug on further applications after almost maxing out its $3 billion credit limit.With the government redirecting at least $600 million of PGF money as part of its coronavirus economic response, the end arrived quicker than anticipated. Established in February 2018, the PGF originally had a three-year timeframe to distribute the $3 billion squeezed out of the budget by NZ First MP Shane Jones as part of a coalition deal with the Labour minority...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy

Use quake-style powers to speed house-building: Collins

Staff reporters | Tue, 26 Jan 2021

More houses were built in the Canterbury region than any other part of the country in the last decade, thanks to quake-related powers.

Markets

Vaccines to curb F&P Healthcare sales

Dan Brunskill | Tue, 26 Jan 2021

Fisher & Paykel Healthcare's shares were up 10 percent last week but a Forsyth Barr analyst thinks demand is about to slow.

Property

Housing market "defying logic" says Oceania

Jenny Ruth | Tue, 26 Jan 2021

Demand for units last week was "extraordinary."

DAVID CHAPLIN: Last drinks for the PGF

Not convinced yet?

Your company has a subscription

Team