Hon STUART NASH (Minister for Economic and Regional Development): Fa'afetai, Mr Speaker. Last week, I visited that member's home town of Palmerston North to announce the launch of the $200 million Regional Strategic Partnership Fund (RSPF) to replace the Provincial Growth Fund (PGF). This delivers on the Labour manifesto commitment, and it is the next step to keep up the momentum of economic recovery in the regions. Over this parliamentary term, this fund has three goals. The first one is: it will work with local partnerships to enable economic and business development; the second one: it would accelerate Māori economic aspirations; and the third one is: it will support sector transformation. The creation of the Regional Strategic Partnership Fund is a significant move and represents another step forward towards creating a more productive, innovative, resilient, and sustainable economy.