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

 


Regional growth requires better regulation

Regional growth requires better regulation


BusinessNZ has welcomed Labour’s focus on regional prosperity.

BusinessNZ Chief Executive Phil O’Reilly says the regions hold great economic potential which could be unlocked with the right policies.

He said Labour’s plan for a $200 million fund for supporting regional projects could help develop industry in the regions but would require clear parameters.

“Such a fund must be contestable, with clear rules on how funds would be paid out. It would need to be commercially durable, demonstrating a visible return to the community and the Crown over time.”

Business would want to see where the $200 million would be found, in the context of an overall budget plan, he said.

But he warned that the complexity of the mission of regional development meant that funding a single project in a region would be unlikely to raise regional prosperity overall.

“Overall, regional economies would benefit from policies that foster economic development,” Mr O’Reilly said.

“They would benefit from improving laws currently holding back development, including the Resource Management Act and Local Government Act, and from better local government performance in administering them.

“Reducing the rates burden through better local government performance and reducing tax levels through prudent spending by central government – these policies would go a long way towards improved regional economic growth.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news