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

 


NZTE to attract more regional investment

NZTE to attract more regional investment


New Zealand Trade and Enterprise is to establish a new regional investment attraction programme to encourage more international firms to invest in New Zealand’s regional economies, Economic Development Minister Steven Joyce says.

NZTE will work in partnership with regions around the country to create comprehensive investment profiles that outline the strengths of the particular regional economy, the opportunities for investment, and what the region can offer to investors.

“We know there are big opportunities for New Zealand from the massive growth in the numbers of consumers across Asia. However, companies these days can invest their money wherever they like around the world. The challenge for each of New Zealand’s regions is to showcase the real opportunities for competitive businesses in their region, and this programme will help them do it in a more systematic way,” Mr Joyce says.

The NZTE regional investment attraction programme is part of the agency’s work to mobilise capital from domestic and international sources to help lift exports and grow New Zealand’s economy. This includes the new “Better by Capital” service which helps companies to understand the capital raising process to fund their international growth.

“The regions that are doing the best are those that have a clear positive approach that welcomes investment and new opportunities,” Mr Joyce says.

“The profiles will allow regions to clearly lay out the advantages they offer investors in terms of natural resources, infrastructure, the availability of skilled workers, and innovation hubs that support investment.

“NZTE will also provide a toolkit, training, and assistance for regional economic development agencies to better support investor engagement, guidance, and due-diligence.”

To help create and further develop these investment profiles, the Government is commissioning a number of Regional Growth Studies to evaluate growth opportunities in particular regions. These detailed in-depth reports will identify areas of existing economic strength and where opportunities for further growth lie, with a particular focus on the primary sector.

“In commissioning the Regional Growth Studies, the Government will work alongside regional stakeholders such as regional councils and economic development agencies. Local input into the reports will be vital to ensure they are evidence-based and comprehensive,” Mr Joyce says.

“The first study, for the Gisborne/Hawke’s Bay region, arose out of discussions with Regional Councils last year and is nearly complete. A request for proposals for the Northland study was released yesterday by the Ministry of Business Innovation and Employment alongside the Ministry of Primary Industries, and additional studies will be considered in partnership with other regions.

“The latest data shows that it is the regions that have been clearly leading New Zealand’s recovery out of the GFC. Today’s announcements will further accelerate this progress.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news