Wednesday, August 18, 2010

Green light for growth

Great news yesterday with the announcement of two Primary Growth Partnership projects totalling $321 million dollars that will boost productivity and new products for the dairy and red meat sectors.

The Government's PGP fund is injecting $144 million into the partnerships, with industry funding $177 million. These follow on from programmes already approved for the arable, forestry and fine wool sectors.

The programmes will take primary sector innovation to a whole new level and deliver directly on our economic growth plan. It is the biggest investment in primary sector innovation in decades and really shows how serious the Government is about boosting economic growth through business innovation.

The two new partnerships involve a DairyNZ/Fonterra-led
programme and a Silver Fern Farms, PGG Wrightson and
Landcorp Farming programme.