Last year, the South Waikato Investment Fund Trust (SWIFT) distributed $329,705 in funding, with more than $1.3 million committed to future projects.
Since its start, SWIFT has invested more than $15.5m directly into the South Waikato community, supporting education, employment, infrastructure and business growth.
SWIFT said it had also helped unlock more than $12.5m in partner co-investment, making every dollar stretch further for the district.
The organisation welcomed new chief executive Clive Somerville at the end of last year, and said recent changes to the board signalled a continued commitment to community-led development.
Current trustee James Whetu has stepped into the role of chairperson of the SWIFT board, taking over from Stephen Veitch, who has left the trust after six years.
“We are incredibly grateful for the vision and hard work that Stephen has given. He leaves SWIFT in a strong, focused and optimistic position, thanks to his leadership,” Whetu said.
Whetu, born and raised in Tokoroa, is of Raukawa, Waikato and Ngāti Tūwharetoa descent. He has a background in resource management policy and planning systems, with expertise to promote and incorporate Māori perspectives.
“I’m looking forward to SWIFT continuing to work strategically and move forward, as well as being sure that we are responsive in our community,” he said.
“I view SWIFT’s role like that of a shared consciousness for South Waikato, where it’s important we understand each other and our relationships with each other. Shared consciousness is a term I use quite a bit within the marae and hapu setting, when community comes together knowing that we’ve all got a role.”
The trust announced a 16.13% return on its investment portfolio, enabling continued long-term support for economic and community development across the district.
Outgoing chairperson Veitch reaffirmed the foresight behind SWIFT’s work:
“Strategic investment must deliver enduring, meaningful outcomes for our people and region.”
Through its scholarship programme, SWIFT supported 30 students into vocational and tertiary pathways. More than 160 youth gained driver licences via the free South Waikato driving programme, helping break down employment barriers.
Another example of initiatives supported by SWIFT is the Generation Programme, which provides foundational training for local rangatahi in the forestry sector.
More than 300 people took part in workshops and events designed to strengthen capabilities in local organisations and boost leadership skills.
New chief executive Somerville said:
“This fund is a legacy, built by and for the community. Our focus now is on deepening our impact, strengthening partnerships, and unlocking opportunities that matter for generations to come.”
Article Name: Millions pumped into South Waikato
Publication: The Waikato Local
Section: LOCAL NEWS
Start Page: 6
End Page: 6
