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


Help for business affected by North Island floods

Government to help local businesses affected by North Island floods

Regional efforts to assess the economic impact of February's crippling North Island floods are to receive support from the Ministry of Economic Development, Minister for Economic, Industry and Regional Development, Jim Anderton announced today.

"I am pleased to announce that the Ministry of Economic Development (MED) is to allocate $42,525 from the Regional Initiatives Fund to assess the short and medium term economic impact of the floods on non-agricultural businesses. This is a good first step toward helping businesses that have been affected.

"While the most severely impacted area of the economy is clearly the primary sector, local businesses in these regions have been badly affected too.

"The study is being done to find out how flooding has affected businesses so we can then work out how best to help with business rehabilitation and regional economic recovery. The focus of the work is on both the short term (the first six months) and the medium term (up to eighteen months).

"I was pleased at the high level of co-operation in this process. The affected regions are contributing staff and management time, New Zealand Trade and Enterprise staff are leading assistance and MED is providing some funding. This is a good example of a partnership approach to regional economic development," Jim Anderton said.

The study will assess the immediate and flow-on effects of the flooding on these businesses, and how the economic development agencies can best support them. It will involve personal contact with businesses in the regions to identify their needs in the recovery phase.

The Regional Initiatives Fund (RIF) is a discretionary fund administered by the Ministry of Economic Development. The Minister for Economic, Industry and Regional Development assesses all applications.

The RIF is used to give a boost to funding for regional projects that fall outside the criteria of existing Government assistance programmes, but have the potential to leverage economic growth as well as meet government objectives for economic, social and environmental development.

The study has been commissioned by Enterprise Midwest, a company owned by Enterprise Horowhenua, Vision Manawatu and Enterprise Wanganui.

NZTE, through the BIZ Enterprise framework, is to provide additional training and support for businesses to cope with the initial recovery.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news