Parliament

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

 

Fast Forward Fund nothing but fast talk

David Carter MP
National Party Agriculture Spokesman

20 June 2008

Fast Forward Fund nothing but fast talk

Agriculture Minister Jim Anderton is doing a hasty rewind of his beloved Fast Forward Fund says National’s Agriculture spokesman, David Carter.

“It is becoming increasingly clear that this on-the-hoof policy has been ill-thought out and is riddled with holes.”

Mr Carter says Jim Anderton has previously insisted that the fund had secured ‘firm and indicative commitments totalling around $70 million of the projected annual investment expected from industry’.

“But he let it slip at the Primary Production Select Committee yesterday that, to date, none of this funding has been confirmed and that securing the entire $70 million will be totally dependent on whether a particular company supports an individual project.

“In reality, no industry money has been committed to the Fast Forward Fund. The sector is clearly hedging its bets.

“This means that if none of the projects selected by the fund in 2008/2009 are of interest to an industry partner, the fund could, potentially, attract no commercial backing at all.

“Jim Anderton’s claims that industry will commit a billion dollars over the lifetime of the fund are becoming harder and harder to believe.

“He has been fast and loose with the details of the fund since day one. Helen Clark and Jim Anderton, at the much-hyped launch, both said the fund would provide between $85 million and $100 million per year.

“Days later, Jim Anderton released figures which showed that only $20 million would be paid out in its first year and $85 million wouldn’t be generated until around year six.

“He then refused to even confirm his figure of $20 million in the first year, saying ‘the amount of money…will be determined by a governance group of equal representatives of industry and Government’.

“This latest revelation is further proof that the entire scheme is simply an effort to make the Government look more generous than it really is. It is another empty announcement typical of Labour’s proclivity to over-promise and under-deliver.

“Mr Anderton needs to stop deceiving the primary sector and start providing some cold, hard facts on the Fast Forward Fund.

“National will not use smoke and mirror tactics with the sector. We will deliver long-term and clear cut funding commitments to research and development which will give the sector the certainty it needs.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Life And Times Of Peter Dunne

In the end, Mr Pragmatic calmly read the signs of impending defeat and went out on his own terms. You could use any number of clichés to describe Peter Dunne’s exit from Parliament.

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election