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:
http://www.mbie.govt.nz/what-we-do/business-growth-agenda/business-growth-agenda-future-direction-2014

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

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

#Kexit: Prime Minister John Key Announces Resignation

Prime Minister John Key has announced that he’s resigning as Prime Minister in seven days’ time. He made the unexpected announcement at a 12.45 press conference at Parliament, called with less than an hour’s notice.

“It has been an enormous privilege to be Prime Minister of New Zealand, and these last eight years have been an incredible experience. Throughout these years I have given everything I could to this job that I cherish, and this country that I love...“ More>>

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>>

 

Q+A: Labour's Michael Wood Wins Mt Roskill

Labour’s Michael Wood, who last night won a 6,000 vote majority in the Mt Roskill by-election, says the reason for the win was simple, clear messaging... More>>

ALSO:

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news