A proposed innovation and enterprise park near Kaikohe is set to become reality with the announcement today that developer Far North Holdings has enough confirmed business occupants to make the park viable. The company also said it had received approval from the Provincial Development Unit for $19.5 million of funding to build infrastructure such as roads, sites, drainage and water storage.
Far North Holdings has had commitment from the Provincial Growth Fund (PGF) for a second round of funding in support of the proposed innovation and enterprise park the Far North District Council-owned company aims to develop near Kaikohe. The PGF has committed $19.5 million to fund site preparation, roads and drainage.
Far North Holdings has had “significant interest” in the innovation and enterprise park it hopes to establish near Kaikohe. The company has published for the first time a plan of the proposed Ngawha Innovation and Enterprise Park indicating progress in discussions with organisations involved in glasshouse horticulture, renewable carbon products, native timber drying, housing trades training and construction, honey, native leaf teas and manuka oil extraction.
The Provincial Growth Fund will pay for preliminary work around the establishment of an innovation and enterprise park on State Highway 12 east of Kaikohe. The $890,000 funding will help develop a business case study, site assessment, preparation of applications for a private plan change and resource consents, and initiating discussions with potential occupants, tenants and partners.