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

Gordon Campbell:
On The National Leadership “Contest”

Key’s endorsement of English has turned this “contest” into a race for second place.

This succession was well planned. Lets not forget that English was told by Key in September of his intention to resign, and English was the only member of Cabinet entrusted with that information before it was sprung on everyone else on Monday morning. More>>

Latest: Judith Collins and Jonathan Coleman have withdrawn from the leadership race, leaving Bill English the only candidate to replace John Key as Prime Minister.

 

Education, Marketing, Taxes: Health Groups Call For Actions For Sugary Drinks

The New Zealand Dental Association is launching a new consensus statement on Sugary Drinks endorsed by key health organisations. The actions seek to reduce harm caused by sugary drinks consumption. More>>

ALSO:

More Departures? David Shearer Proposed For UN Peacekeeping Role

Mt Albert MP David Shearer is being proposed for a demanding and exciting role heading the United Nations peacekeeping force in South Sudan, says Labour Leader Andrew Little. More>>

ALSO:

Security Agencies' Reports: GCSB Wants To Give ISPs More Power To Block Threats

The Government Communications Security Bureau wants to give internet service providers more information and power to block cyber threats which are increasing, its director told the intelligence and security select committee yesterday.. More>>

ALSO:

Education: Charter Schools Misleading Pass Rates

Labour: NCEA results for charter schools have been massively overstated... In one case a school reported a 93.3 per cent pass rate when the facts show only 6.7 per cent of leavers achieved NCEA level two. More>>

ALSO:

Rebstock Report Resolution: SSC Apologises To Derek Leask And Nigel Fyfe

Following a complaint by Mr Leask, the Ombudsman found that the State Services Commission acted unreasonably in relation to Mr Leask and identified numerous deficiencies in the investigation process and in the publication of the final report and in the criticisms it contained of Mr Leask... More>>

ALSO:

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

ALSO:

Earlier:

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news