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

 

Minginui Nursery to get $5.8M from provincial growth fund

Ngāti Whare-owned Minginui Nursery to get $5.8M from provincial growth fund

By Paul McBeth

March 15 (BusinessDesk) - Ngāti Whare Holdings' Minginui Nursery is the latest beneficiary of Regional Economic Development Minister Shane Jones's provincial growth fund, securing $5.8 million over the next three years to scale up its seedling production.

The funding will help the nursery, based in Bay of Plenty's Whirinaki Forest Park, expand its workforce tenfold to 90 and grow up to 1 million trees a year, Jones said in a statement. The two-year-old nursery focuses on native trees and is the first in the country to use a Scion-developed technique to propagate indigenous podocarps, the tree family including totara, rimu, kahikatea, mataī and miro.

"With the government committed to seeing one billion trees planted over the next 10 years, we need to work with nurseries and help them increase production to ensure enough seedlings – both exotics and indigenous – are available to be planted," Jones said. "Ngāti Whare Holdings has already proven it can operate a nursery on commercial terms, employ and train local people and the government is happy to partner with such businesses."

The $1 billion a year provincial growth fund to fund regional economic initiatives has formed a key component of the coalition agreement between the Labour and New Zealand First parties to help reinvigorate the provinces, which both parties claimed had been left behind under the previous administration. Last month Jones announced $61.7 million for regional programmes when he officially launched the fund.



Jones today said Minginui was planned as a forestry town and built in the late 1940s, but its population had dwindled since a sawmill was closed in the late 1980s and just 1,300 people now live in the wider area with fewer than 300 in the town proper.

"Community development is the key driver for the nursery’s move to increase its production of forestry grade native seedlings to an industrial scale," Jones said. "With the PGF’s help, Minginui Nursery can play its part in rejuvenating the region, contributing to employment and skills development and better social outcomes for the community."

Ngāti Whare Holdings set up the nursery to establish an operation capable of scaling up native plant forestry, providing local employment and ultimately earn a commercial return for Ngāti Whare, which is one of the eight Central North Island iwi which signed the $400 million Treaty of Waitangi settlement over Crown forest licence lands, known as Treelords. The iwi's settlement, including the Central North Island forest component, was valued at $15.7 million.

(BusinessDesk)

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tax Bill Passes, Drops: “An End To Unnecessary Secondary Tax”

“The changes mean Inland Revenue will more closely monitor the tax paid by wage and salary earners through the year. If it appears the worker is being over taxed, Inland Revenue will suggest a more suitable PAYE tax code tailored to that worker.” More>>

ALSO:

Ethiopian Airline Crash: Boeing 737 Max Aircraft Operations Temporarily Suspended

New Zealand’s Civil Aviation Authority has suspended the operation of Boeing 737 MAX aircraft to or from New Zealand. Currently this affects only one operator, Fiji Airways. There are no other airlines that fly this aircraft type to New Zealand. More>>

ALSO:

Sorting Out DNA: Crime-Busting Software Wins Top Science Prize

Software developed in New Zealand that has contributed to identifying suspects in tens of thousands of criminal cases around the world has won the 2018 Prime Minister’s $500,000 Science Prize. More>>

ALSO:

In The High Court: IRD Wins Tax Avoidance Case

Inland Revenue has won a High Court case against Eric Watson’s Cullen Group over a nearly $52 million tax debt. More>>

ALSO:

Insurers Withdraw From Market: Plea For EQC Rethink

A consumer watchdog wants the government to rethink the Earthquake Commission (EQC) as more people are pushed out of getting property and contents insurance. More>>

ALSO:

Women's Day: New Zealand Rated Third Best In OECD For Working Women

New Zealand has been rated among the top countries in the world for working women. The Women in Work Index rated New Zealand third in the OECD and it was the only country outside Europe to make the top 10. More>>

ALSO: