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

 


SMEs crucial for business growth


Hon Steven Joyce
Minister for Small Business


SMEs crucial for business growth


Small Business Minister Steven Joyce today launched a new SME Research Hub in Wellington, which pulls together important information in one place for small business owners, researchers, government officials and policy makers.

“This new research centre underlines the importance of small business to New Zealand and the New Zealand economy,” Mr Joyce says.

The hub came about following discussions between the Small Enterprise Association of Australia and New Zealand (SEAANZ) and the Ministry of Business, Innovation and Employment around how to create a central online repository of research and policy related to SMEs. With assistance from Treasury, a website has been developed that so far contains 150 research publications.

Mr Joyce also released the first Small Business Sector Report providing detailed information on the 459,000 small businesses that make up a large part of the New Zealand economy.

The report compliments the seven reports that make up the NZ Sector Reports Series released by the Government over the past year.

“Small businesses are the backbone of the New Zealand economy and this report provides valuable information on our small business sector showing the diversity and significant contribution it makes to our economy, jobs and growth,” Mr Joyce says.

“The report focuses on the Government’s Business Growth Agenda and the more than 100 specific initiatives across the six key inputs small businesses need to be successful – infrastructure, export markets, innovation, capital markets, skilled and safe workplaces, capital markets and natural resources.

“Examples include the roll out of ultrafast and rural broadband, the building of the Roads of National Significance, New Zealand Trade and Enterprise helping firms in overseas markets, changes to allow the cash-out of R&D tax losses for innovative start-ups, voluntary 90-day employment trial period, the starting-out wage, Apprenticeship Reboot programme, reduction in personal and company tax, and changes to the Resource Management Act.”

The report includes international comparisons, regional breakdowns and case studies of small businesses in different industries.

It shows:
• 97 per cent of enterprises in New Zealand are small businesses and have fewer than 20 employees
• 584,000 people employed in enterprises with fewer than 20 people, making up 30 per cent of the workforce
• small businesses contribute to 28 per cent of New Zealand’s GDP
• small businesses have higher birth and death rates than larger firms. On average 50 per cent of enterprises with 10-19 employees are still operating after 10 years
• small businesses have higher worker turnover rates than larger firm sizes
• over the past decade the number of self-employed aged 20-39 has steadily decreased, whereas numbers have increased for the over 50s
• limited experience in expanding overseas is the most common barrier to small businesses wanting to export.

“What is clear from this report is that both central and local government need to ensure they provide policy that doesn’t wrap small businesses in bureaucratic red tape and allows them to succeed, grow and create jobs,” Mr Joyce says.

“The Government knows that nothing creates jobs and boosts incomes better than business growth and investment. Through our Business Growth Agenda we want to convert a couple of years of good economic growth into a sustained lift in our economic performance that benefits New Zealand long-term.”

The SME Research Hub website is available at https://www.gen.org.nz/tikiindex.php?page=Welcome+to+the+SME+Research+Hub

The Small Business Sector Report and fact sheet are available at http://www.mbie.govt.nz/what-we-do/business-growth-agenda/sectors-reports-series/the-small-business-sector-report-and-factsheet-2014

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

King Of The North: Winston Peters Vows To Garner More Investment In Regions

The new MP elect for Northland, Winston Peters, says he will force the Government to look beyond Auckland to address the needs of people in the regions by “investing in what works”.

He named forestry, fishing and farming as three regional industries that required more Government attention...

Mr Peters said Northland had sent the Government a message as they were unhappy about being ignored. He added that in times past, he would not have won the campaign.

“Do you think I’d have ever won the seat if Holyoake was prime minister? Or for that matter, Marshall, or, before that, Holland? No, back then when I was a boy up here, they were creating a lifestyle beyond my parents’ wildest dreams,” he said.. More>>

 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news