A $30 million agri-business innovation park is to be constructed in Ashburton.
The development is a partnership between Eden AgriCapital, the Ashburton District Council, and the region's economic development organisation Grow Mid Canterbury.
The Ashburton District Council is providing the five-hectare site for the development on the edge of the town, with funding coming from other investors.
Grow Mid Canterbury chief executive Rob Brawley says the park will not just offer the chance for businesses to be located at the same site, but to support each other, carry out research and work on new innovation.
Businesses have not yet been able to sign up to leases at the site, but there is strong interest, he says.
It will be the second agri-business innovation park in New Zealand. One in Waikato was established in 2002.