Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Business Growth Grants successful

Business Growth Grants successful

The first companies to have received Industry New Zealand Business Growth Grants have doubled their staff numbers and increased sales by 46 per cent in the year since their grants were approved Jim Anderton announced today.

“Since the Business Growth Fund was established in early 2001, Industry New Zealand has approved grants totalling $14.7 m to 231 small to medium sized companies throughout New Zealand, and of these only one has been known to go into receivership,” said Jim Anderton.

“Reflecting the growth goals of this Labour Progressive Government 77 per cent of the grants ($11.4M) have gone to companies operating in sectors where New Zealand is considered to have sustainable international competitiveness. These include biotechnology, wood processing, niche manufacturing and creative sector companies amongst others.

“All of these companies have high growth potential and an export focus.

“Unlike opposition critics, business people understand that rapid growth is inherently risky. The low failure rate is therefore an outstanding success when benchmarked against the experience of economic development agencies around the world. Opposition arguments seem to be that if there is one failure then we should return to the bad old days of negative economic growth and viable businesses failing unnecessarily.

“Across all Industry New Zealand programmes, our clients are forecasting the creation of over 8000 jobs and revenue growth of over $2.5 billion within the next 2-5 years.

“What is also good news for New Zealand is that the first five companies to have received Business Growth Grants have subsequently increased their original growth projections by around 50 per cent.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Environment And Conservation: Changes To Our Oceans Pose Serious Concerns

New Zealand’s oceans, coasts, and marine wildlife are under growing pressure, according to the first national report from the Ministry for the Environment and Statistics New Zealand about the marine environment. More>>


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news