Friday, April 26, 2024

BLOG: Let’s hope new fund continues the success

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An independent review of the Primary Growth Partnership has vindicated the controversial programme, finding it has added great value to the primary sector and will continue to do so.
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Set up in 2009 by the National Government, the PGP saw industry and government co-invest in a number of initiatives to boost capability, research and productivity in the primary sector.

Depending on the side of the political fence you sit on it was either a great way to get some real momentum into agriculture or it was corporate welfare with the profits distributed among only a select few.

But the review, by consultant Deborah Battell, found the PGP is doing what it should.

The forecast benefits of $6.4 billion to $11.1b from PGPs by 2025 looks likely to be achieved, she said.

It even has the potential to surpass those forecasts.

Last week Agriculture Minister Damien O’Connor announced the PGP is being folded into the Sustainable Farming Fund, to be called the Sustainable Food and Fibre Futures Fund.

It’ll continue to provide funding to those who have an idea that could improve the environment or primary productivity.

O’Connor was of course quite critical of the PGP programme when in opposition.

When giving a speech at an event to mark a major milestone for a PGP project a couple of months ago he openly admitted it was an awkward moment.

But evidence is evidence and so good on him for reading the report and acknowledging the worth of the programme.

He’s given it a few tweaks, sure, but the concept remains.

For the sector, the gains made are real and Battell says they should continue.

We all want a sector that can act on the great ideas our people have, with the capital to see them through.

Here’s hoping this new, altered programme can do that.

Bryan Gibson

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