Regional Development Minister Shane Jones is defending the financial track record of his regional funds.

Around half of Crown Regional Holdings' loan book is considered at risk of default.

Most of the $433 million portfolio covers the Provincial Growth Fund and the current Regional Infrastructure Fund, were both looked over by Shane Jones.

Jones says his party supports investment in regions.

"Not too different from what the commercial banks are dealing with, as we speak at this moment." 

LISTEN ABOVE

Regional Development Minister Shane Jones is defending the financial track record of his regional funds.
Around half of Crown Regional Holdings' loan book is considered at risk of default.
Most of the $433 million portfolio covers the Provincial Growth Fund and the current Regional Infrastructure Fund, were both looked over by Shane Jones.
Jones says his party supports investment in regions.
"Not too different from what the commercial banks are dealing with, as we speak at this moment."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Shane Jones: Regional Development Minister defends financial track record of his regional funds

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a05acf7c-db6b-44c7-817d-b3ec00666fb4/transcript