Parliament

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

 

Govt welcomes announcements from Team NZ

Govt welcomes announcements from Team NZ

Economic Development Minister Steven Joyce today welcomed the announcement by Team New Zealand it would challenge for the 35th America’s Cup and had secured money from private funders to last it until the end of the year.

“While they didn’t win the America’s Cup in San Francisco last time, Team New Zealand were excellent ambassadors for New Zealand throughout what became an epic contest,” Mr Joyce says.

“It’s positive news they will be challenging for the Auld Mug again and I also welcome their announcement they have secured private funding until the end of the year.

“Team New Zealand says it doesn’t need any more Government funding this year and will instead be submitting a revised sponsorship proposal alongside those to its private sector sponsors in the coming weeks.

“The Government will consider that proposal in due course before making any decisions on future investment. We will have to see how sponsorship of the challenge would benefit New Zealand’s visibility on the world stage – especially for our exporters. That’s very important to the Government.

The Government last year invested $5 million of interim funding in Team New Zealand to cover a seven-month period while the team decided whether it would challenge again.

“When I met with the Board of Team New Zealand a few weeks ago, I advised it was my preference it secure the support of its private backers rather than seeking more money from the Government at this time. I congratulate it on achieving that milestone, and will watch the next stage of their preparations with interest.”

Team New Zealand received $36 million in taxpayer funding for the last America’s Cup. An independent evaluation released in March this year showed a positive impact of $87 million to the New Zealand economy.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

 

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>

ALSO:

IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>

ALSO:

PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>

ALSO:

Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>

ALSO:

Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog