Aid for regions up
PA Wellington Regional development aid through the Department of Trade and Industry increased last year. The department’s annual report, tabled in Parliament, shows regional development spending rose by a third over 1978-79. “Financial assistance amounting to just over 86 million was provided under the various schemes compared with $4.6 million the previous year,” the report said.
“Under the special projects scheme, grants of $1 and $200,000 reJspectively were made to
the West Coast abattoir and Castlecliff Spinners.
“Grants made under the investigation and establishment grants scheme more than doubled to over $150,000. This scheme is aimed at assisting innovative and experimental projects in manufacturing, horticulture, forestry, fish farming, and tourism,” it said. Big projects receiving help were the making of a new range of pharmaceuticals in Otago, the development of plant tissue cultures in South Canter-
bury, and the processing of steel from ironsands in Taranaki using a chemical process.
Aid for regions up
Press, 9 July 1980, Page 13
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