3 December, 2012
Primary Growth Partnership tops $650M
Primary Industries Minister David Carter has welcomed the announcement of another successful Primary Growth Partnership bid which lifts the total invested to more than $650 million.
The Primary Growth Partnership (PGP) is to fund half of an $87 million innovation programme proposed by leading meat exporter ANZCO.
“ANZCO’s proposal to generate more value from the beef carcase with its Foodplus programme is bold and innovative. This is exactly what PGP is about – transforming great ideas into tangible R&D programmes focussed on results,” says Mr Carter.
“Today’s announcement lifts the total government-industry investment in PGP since its inception three years ago to $665 million. This is firm proof of the Government’s drive to lift economic growth through primary sector innovation.
“Thanks to the collaborative government-industry approach, we have relevant projects underway across a range of sectors from dairy, arable, red meat and wool to forestry, seafood and aquaculture and manuka honey.
“New Zealand stands to gain from innovative investment in its primary industries because our food, fibre, fishing and forestry sectors are at the heart of our economy,” Mr Carter says.