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


Business Growth Agenda boosting investment, jobs & growth

Business Growth Agenda boosting investment, jobs & growth

The Government’s comprehensive Business Growth Agenda is delivering greater business investment, more jobs and higher wages for New Zealanders, Finance Minister Bill English and Economic Development Minister Steven Joyce say.

The two lead ministers today released the Business Growth Agenda – Future Direction 2014 report which outlines the significant progress the National Government has made in creating the conditions for businesses to invest for jobs and growth.

It also outlines the Government’s future priorities in its work programme focusing on the six inputs businesses need to succeed and grow: exports markets, capital markets, innovation, skilled and safe workplaces, natural resources and infrastructure.

“The Business Growth Agenda is making a real difference to productivity and competitiveness which is critical to creating more business opportunities, more jobs and higher wages for New Zealanders,” Mr English says.

“More than half of the 350 BGA actions across the six areas are either complete or in the implementation phase. Our results so far are reflected in strong growth, increasing employment, an improved trade balance, stronger productivity growth, and real wages rising faster than the cost of living.

“This growth has been driven initially by the regions which have led New Zealand out of the global financial crisis on the back of our natural resources industries.”

Mr Joyce says the BGA Future Directions 2014 report outlines the Government’s next steps to encourage a diverse range of businesses to succeed and hire more people.

“Building on the progress we have made, our focus now is on a smaller number of 62 key priorities we see as essential to further fostering business confidence and growth,” Mr Joyce says.

“We will work to help more Kiwi firms internationalise and sell their products in overseas markets; encourage innovation particularly in the hi-tech sector, make it easier to raise capital; lift young people’s achievement; make workplaces safer; and continue to invest in quality public infrastructure.

“The New Zealand economy is expected to grow strongly over the next year and perform better than many other major advanced economies. What the Government is very focused on through the Business Growth Agenda is how we convert a couple of years of good growth into a sustained economic lift in our economic performance that benefits the country in the long-term.

“New Zealand faces stiff competition in global markets to sell our goods and services. If the Opposition was serious about jobs and growth in our regions they would support the initiatives in the BGA instead of promoting policies that would reduce our competitiveness and export Kiwi businesses and jobs overseas.

“New Zealanders can be assured that National is focused on building a more competitive and productive economy that boosts investment, and creates more jobs and higher wages.”

Business Growth Agenda: Future Directions 2014 is available at:

Business Growth Agenda – future direction

Building Export Markets
· Negotiating comprehensive, high quality free trade agreements and implementing existing ones

· Providing NZ Trade and Enterprise with more resources to assist more companies

· Boosting our representation in China

· Increasing our representation in other emerging markets

· Promoting the procurement of NZ capital goods and services with NZ’s Export Credit Office

· Conducting fit-for-purpose checks on market-facing regulatory regimes

· Completing the Trade Single Window for exporters and importers

· Embedding the NZ Story, strategy and structure

· Capitalising on the 2013 International Growth Package for tourism and education

Building Capital Markets
· Rebuilding our financial reserves

· Establishing the NZ Trade and Enterprise Regional Investment

Attraction programme

· Implementing the Financial Markets Conduct Act

· Implementing the Credit Contracts and Financial Service Law Reform Bill

· Supporting crowd-funding and peer-to-peer lending

· Attracting multinationals to make high-value investments in New Zealand research and development

· Delivering an Asia Region Funds Passport

· Delivering IRD’s Business Transformation Programme

· Providing more capital raising options for small and medium sized firms

· Encouraging new public growth markets

· Investigating differences in taxation treatment of different savings vehicles

Building Innovation
· Implementing changes to the tax treatment of research and development

· Implementing Callaghan Innovation’s full suite of programmes

· Developing a National Statement of Science Investment

· Increasing and reforming contestable funding

· Establishing new technology-focused incubators

· Implementing the National Science Challenges

· Boosting STEM skills

· Boosting primary sector productivity through the Primary Growth Partnership

· Increasing the numbers of Centres of Research Excellence

· Completing the deployment of ultra-fast and rural broadband

· Improving the competition regime to protect consumers and encourage innovation

Building Skilled and Safe Workplaces
· Investing in teacher quality to lift the achievement of young people

· Setting up new ICT Graduate Schools

· Implementing the new Tertiary Education Strategy

· Completing the welfare reform programme and getting more people into work

· Investing in more apprenticeships and vocational skills

· Encouraging eligible sole parents into higher education

· Implementing the new health and safety framework in New Zealand

· Reducing the casualty rate within the forestry sector and other high-risk occupations

· Toughening employment standards requirements and increasing the size of the Labour inspectorate

· Completing the Employment Relations Act changes to improve fairness in collective bargaining

Building Natural Resources
· Increasing value from, and improving the quality of, our freshwater

· Improving our environmental reporting

· Making further reforms to the Resource Management Act

· Accelerating petroleum and minerals exploration through a new data acquisition programme

· Combatting kauri dieback

· Improving the productivity of Māori land through reforming the Te Ture Whenua Māori Act 1993

· Increasing productivity and reducing carbon emissions through new energy efficiency projects

· Promoting product stewardship

· Supporting primary sector growth in key regions

· Freeing up land supply in urban areas to provide more houses

Building Infrastructure
· Removing bottlenecks on our road networks

· Accelerating Auckland’s transport

· Strengthening rail, sea and air infrastructure

· Securing our energy future

· Completing the deployment of ultra-fast and rural broadband

· Rebuilding Christchurch

· Investing in schools and hospitals

· Improving water storage and use

· Increasing competition and efficiency in the housing construction sector

· Reforming the social housing sector to better meet the needs of social housing tenants

· Getting a better understanding of future infrastructure challenges and opportunities


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Housing Issues: Homelessness On The Horizon For Baby Boomers

Baby Boomers who have held down jobs and contributed to the well-being of New Zealand through their taxes may yet become homeless in late middle age or early retirement without urgent Government action, says The Salvation Army. More>>


Treasury Has Doubts On Christchurch Rebuild And... Auditor-General Follows Up On EQC

Despite the improvements made, EQC could still learn better from complaints and improve its customer focus and interactions... Although the programme is nearing completion, EQC needs to provide the best service possible for the home owners whose homes are still to be repaired. More>>


Man Who Banned 'Into The River' Out The Door: Appointments To The Film And Literature Board Of Review

Internal Affairs Minister Peter Dunne has announced seven appointments to the Film and Literature Board of Review... “The new members of the Board... will provide a strong mix of skills and experience to help the Board carry out its functions, while representing a cross-section of society.” More>>


Climate Marches: New Zealanders March For Solutions Not Pollution

Ahead of the UN Climate Summit in Paris more than 15,000 New Zealanders have taken part in the Peoples Climate march in Auckland, kicking off the largest climate mobilisation the world has ever seen... More>>


Labour: Little Announces New Shadow Cabinet

“Labour had an impressive intake of fresh faces after last year’s election and newest MPs have now had a year to show what they’re made of. This reshuffle rewards hard work and continues my drive to renew our Caucus line up." More>>


Because Reasons: Someone Reckons David Seymour Is Politician Of The Year

Trans Tasman's 11th annual Roll Call has thrown a curve ball this year, ignoring the likes of John Key, Bill English, and Winston Peters to pick its politician of the year from the ranks of the new generation. More>>


Whaling: NZ Deeply Disappointed By Japan's Decision

“New Zealand is strongly opposed to whaling in the Southern Ocean. We call on Japan to take heed of the 2014 International Court of Justice decision and international scientific advice concerning their whaling activities.” More>>


Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news