Hon STUART NASH (Minister for Economic and Regional Development): During the recess, I had the very great pleasure to announce several new initiatives supporting the regional economies all across New Zealand. I announced the fourth, fifth, and sixth investments of the Regional Strategic Partnership Fund as well as a major investment from the Major Events Fund. The investments from the Regional Strategic Partnership Fund were a $6 million loan to a Southland-based oat milk producer, Functional Foods; a $1.75 million loan to a Levin-based sustainable timber manufacturer, Techlam; and $2 million investment of either a loan or equity stake in Rangitīkei-based sustainable plastic product manufacturer Plentyful. The investment from the Major Events Fund was an $8.1 million grant to support the delivery of six Crankworx Rotorua mountain bike events. It will also secure the future of up to 24 summer series events hosted across the South Island.