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

Urgent Bill Planned:
MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency.

Mr Key says the decision was made after the Remuneration Authority’s latest determination which saw the total remuneration received by MPs increased by about 3.5 per cent...

The new legislation will be backdated to 1 July 2014, meaning the pay increase outlined in the latest determination will not be awarded. More>>

 

PARLIAMENT TODAY:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Gordon Campbell: On The Wage Hike For MPs (and Paul Robeson)

Hard to tell what is more infuriating. Is it the 5.3% increase on the already bloated salaries of MPs, or their pantomime of outrage at being gifted with such a wonderful back-dated bonanza? More>>

ALSO:

No Designers Or Visual Artists: Flag Panel Members Announced

The Government has appointed 12 New Zealanders as members of the Flag Consideration Panel which will engage with the public about a possible new New Zealand flag, Deputy Prime Minister Bill English says. More>>

ALSO:

Labour MP Stands Down From Portfolio: Comment From Carmel Sepuloni

The first I knew of my mother’s charges was when I was called by a reporter yesterday. I spoke to Andrew and we agreed there is a conflict of interest at the present time which means I will temporarily stand aside from the Social Development portfolio. It’s the right thing to do… . More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news