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


$8.5 million capital injection for NorthTec

Rt Hon Helen Clark
Prime Minister of New Zealand
Hon Shane Jones
Minister for Building and Construction

4 August 2008 Media Statement

Embargoed until 10am

Government announces $8.5 million capital injection for NorthTec

Prime Minister Helen Clark and Building and Construction Minister Shane Jones today announced a significant government capital injection into Northland Polytechnic.

Helen Clark and Shane Jones said that $3.5 million (GST exclusive) had been agreed to by the Labour-led Government for the polytechnic to develop a new trades training facility.

As well, an existing Crown loan of $5.001 million will be converted to an equity investment by way of a suspensory loan over a five year period.

Helen Clark said that NorthTec is committed to a Future Trades project to increase its capacity to provide much needed skills for the Northland economy.

“A recent survey of industry in Northland revealed that 22 per cent of employers had recruited workers from overseas in 2007, compared to only nine per cent in 2004.

“The marine engineering sector alone has established a requirement for an additional 1200 workers by 2012.

“It is imperative that NorthTec is able to increase its contribution to trades training, so that Northlanders have an opportunity to acquire the skills which the local economy needs.

“To do that, NorthTec badly needs new training facilities. Its current teaching spaces lack the required technology and are not well configured for modern teaching methods.

“The Government’s new capital investment will enable NorthTec to lease and develop an offsite facility, and increase the quality of its teaching and its student numbers in trades training,” Helen Clark said.

Helen Clark said that NorthTec has an ongoing programme of campus development beyond the trades training facilities, and is expected to seek further capital investment from Government through the Tertiary Education Commission’s Capital Fund.

“The proposal to develop a new trades training facility, however, is considered urgent by both the Government and NorthTec, and has been advanced as a high priority by Government ahead of consideration of other parts of NorthTec’s business case for campus redevelopment,” Helen Clark said.

Building and Construction Minister Shane Jones welcomed the government’s announcement as a significant investment in Northland’s future – both through upskilling local people and through meeting local industry needs.

“The new trades training facility will be larger and more modern, and it will allow NorthTec to centralise its trades training at one location from the beginning of next year.

“Northland has a growing industry base – including a world renowned boat-building sector and the Marsden refinery. Its big and small industries are calling for a more skilled local workforce to meet their future needs, and NorthTec has a big role to play in meeting those needs,” Shane Jones said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




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>>


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>>


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>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election