Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Private sector supports rebirth of strong Canterbury


Media release
22 March 2011

Private sector supports rebirth of strong Canterbury

Today’s announcement by Government outlining a $2.5 million funding package for business is welcomed by business.

“A strong Canterbury emerging from the recent earthquakes is crucial for the whole country, not just the region itself. The Government’s commitment to Canterbury is good to see and so too is the support of the private sector,” BusinessNZ Chief executive Phil O’Reilly said.

“The $2.5 million from the Government in to the Canterbury Business Recovery Trust Fund will be matched by the business sector. BusinessNZ’s Major Companies Group members have pledged in excess of this sum already and there is much interest out there to provide significant financial support to Canterbury.

“Many New Zealanders recognise that this could be any of us, and there is a real human side to this, but there is also a commercial realism. New Zealand needs Canterbury to be strong and to have a thriving business community. And our larger firms are happy to support this knowing that by supporting business they are helping to retain jobs, keep families together and assist to get the economy back on its feet.”

The Canterbury Business Recovery Trust Fund will be administered by the Canterbury Business Recovery Group (CBRG), governed by the Canterbury Employers’ Chamber of Commerce, Canterbury Development Corporation, Ngai Tahu Holdings and Christchurch City Holdings.

The Canterbury Business Recovery Group is also coordinating the dedicated call centre for business on 0800 505096, the business information portal www.recovercanterbury.co.nz, mobile business recovery centres offering business continuity assistance across the city, and input into the wider support mechanisms including the Earthquake Support Subsidy for employers and the Earthquake Job Loss Cover for employees.

For more information about the Canterbury Business Recovery Trust Fund and to make a donation visit www.recovercanterbury.co.nz. Applications for funds from the Trust will open on 1st April (once the funds become available) but expressions of interest can be made now via www.recovercanterbury.co.nz or through the call centre on 0800 505096.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: