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

 


Launch of the Canterbury Economic Recovery Programme


Hon Gerry Brownlee
Minister for Canterbury Earthquake Recovery

6 December 2012 Speech Notes



Launch of the Canterbury Economic Recovery Programme, Addington Raceway, Christchurch

Today’s launch of the Economic Recovery Programme is an opportunity to reflect on how far Canterbury has come since the earthquakes, and the many reasons we have to be optimistic about the region’s future.

It’s an incredible testament to the resilience of the business community that based on recent estimates regional GDP for Canterbury has bounced back to pre-earthquake levels.

Economic activity data has shown Canterbury to be the fastest growing region in New Zealand over the past 18 months, and the rebuild proper is only just beginning.

Here are some of the highlights:

In the latest Household Labour Force Survey unemployment fell from 5.5 per cent to 5.2 per cent; our total labour force rose while jobless numbers declined.

Canterbury is now recording positive inward migration. Official estimates are that the population of greater Christchurch has fallen by less than 2 per cent since the quakes, while Selwyn has grown by 6.9 per cent, and Waimakariri has grown by 3.3 per cent.

Not only are people choosing to stay, Canterbury leads the way in optimism. A net 36 per cent of households expect mainly good economic times in the year ahead.

The growth of consumer spending in the last year is the highest of any region in New Zealand. According to Paymark’s October data, spending in Canterbury increased by 6.5 per cent year-on-year.

Employment opportunities will continue to flow, with SCIRT identifying the need to attract 900 new entrants to the infrastructure rebuild industry over the next 12 months to support its work programme.

An additional 300 people will need to be recruited each year to cover standard attrition.

SCIRT, assisted by a number of industry providers and workplace tutors, will also provide a range of training opportunities.

As the rebuild gathers pace, construction activity continues to accelerate.

The number of building consents for new residential dwellings in Canterbury increased by 80 per cent in the 12 months to September.

And non-residential building consents grew by 81 per cent in the same period.

So Canterbury, post recovery, is going to have a solid economic platform to grow from.

The challenge is to see that we do that, and identifying the best means by which to succeed has been the role of Steve Wakefield and his Economic Recovery team inside CERA.

Before I ask Steve to speak about the Economic Recovery Programme I would like to make two points.

The first is that we’ve been very lucky to have a person of Steve’s experience and capacity inside CERA.

Having led the economic recovery team in the compilation of this plan and its work programme, Steve is leaving CERA to return to his role as managing partner at Deloitte.

And Deloitte will be very pleased to have him back, not the least because Steve has just been named chartered accountant of the year by the New Zealand Institute of Chartered Accountants.

That is a huge accolade Steve, and one I know is richly deserved.

I want to take this opportunity to thank you for your service to the recovery – we’ve been very lucky to have you on board and I know you’ll be missed by the CERA team.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

PM's Presser: ‘Precarious’ Solid Energy In Banks’ Hands

Liquidation of state-owned coal company Solid Energy “cannot be ruled out” but is “not the number one preferred option of the government,” says Prime Minister John Key, who confirmed the beleaguered company was discussed today at Cabinet as its banking syndicate grapples with its commercially dire prospects. More>>

ALSO:

Missed Opportunities: Amnesty International Report Card On NZ's UN Role

As New Zealand steps down from its month as President of the Council, Amnesty International has taken the opportunity to review New Zealand’s role on the Council so far and assess their performance and contribution to protecting human rights worldwide. More>>

ALSO:

Prince Charles Get More Jobs: PM Announces Honorary Military Appointments

PM John Key has announced that Her Majesty The Queen has approved the appointment of HRH The Prince of Wales to three honorary positions: Admiral of the Fleet of the Royal New Zealand Navy; Field Marshal, New Zealand Army; Marshal of the Royal New Zealand Air Force. More>>

ALSO:

No TPP Deal: Gordon Campbell On Why We Should Still Oppose Investor-State Dispute Measures

Even in this dark hour for the TPP, the secrecy farce continues... What is left to hide? Every single negotiator went into those talks in Maui knowing exactly where everyone else stood. More>>

REACTION:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news