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

Looking for actionable business insights all in one place? 

We're here to help you find a way with a curation of the ‘best bits’ from top business podcasts. 

Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today. 

 

Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;