The government is investing more than $5 million in Māori-owned businesses to help drive economic growth, create jobs, and strengthen New Zealand’s export sector.
The funding package, worth more than $5.3 million, will be drawn from the Māori Development Fund, which is administered by Te Puni Kōkiri, and forms part of the government’s Tōnui Māori – Going for Growth with Māori programme.
Hineuru Orchards in Hawke’s Bay, one of the North Island’s newest cherry-growing operations, will receive $1.5 million to help fund infrastructure designed to protect crops from severe weather and bird damage.
A further $2.6 million has been allocated to South Island fish farming venture Akaroa King Salmon to support infrastructure upgrades aimed at expanding production capacity.
According to Māori Development Minister Tama Potaka, Akaroa King Salmon has earned a world-class reputation for producing premium-quality salmon while maintaining a strong commitment to sustainable farming practices.
“When Māori businesses succeed, local communities benefit through new jobs, increased incomes, stronger regional economies and greater opportunities for future generations,” Potaka said.
Parininihi ki Waitōtara Incorporation, based in Taranaki, is set to strengthen its renewable energy infrastructure. Potaka said the move has generated “enduring” benefits for shareholders, helping the organisation adapt and grow in the wake of the former Government’s oil and gas ban.
Potaka said contributing to the energy initiative would help the business unlock the further potential of its whenua while supporting regional infrastructure development. He said the investment would also create opportunities for reconnection, learning, and skills development within the community.
“The government is investing in various renewables projects, and this initiative has the potential to generate enough electricity each year to power more than 8500 homes.”
“It also opens the door for a transition to clean energy for regional manufacturing businesses, while creating job opportunities in the construction and maintenance of the facility,” Potaka added.