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

#SaveCampbellLive : Mediaworks Delivered 104,000 Petition Signatures At TV3's Newton HQ
#PonyTailGate #TailGate Full Coverage

Pukeahu Park : ANZAC 100th Anniversary Dawn Service In Pictures

Roughly 18,000 people gathered this morning at Pukeahu Memorial Park for the Anzac day centenary. Anticipating the large turnout, patrons arrived as early as 4.30. It was virtually impossible to get near the Memorial after 5am. By 6, the crowds on Taranaki Street had stretched as far back as the Z Petrol station.

The screens erected around the park displayed the live events to those who had turned up. The heat generated by the huge number of people caused many to take a turn. Medics and ambulances were on hand for the fainting crowd members. Only twenty minutes into the ceremony, one medic said they had already dealt with 15 to 20 spells. More>>

 

PARLIAMENT TODAY:

War: What’s To Commemorate?

Gordon Campbell in Werewolf: Is there anything that can be validly commemorated on this 100th anniversary of Gallipoli? Beyond, that is, a fleeting sense of empathy with the thousands of soldiers killed or wounded on April 25 1915 and in the months thereafter, until the whole thing was finally called off in December 1915. More>>

MORE IN WEREWOLF:

ALSO:

Peter Ellis Case: Minister Declines Request For Commission Of Inquiry

Justice Minister Amy Adams has declined a request from supporters of Peter Ellis for a Commission of Inquiry on the basis that an inquiry cannot be used to determine the liability of any person. More>>

Quakes: New Process For Red Zone Crown Offers

Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

ALSO:

Gordon Campbell: On The Battle Obama Is Waging Over The TPP

For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

ALSO:

Greens: Govt Breaks Free Doctors Visit Promise To Kids

Documents obtained by the Green Party show that the Government decided to fund only 90 percent of doctors’ visits for children suffering from an injury in an attempt trim the cost of the so-called “free” visits. More>>

ALSO:

Other Wars: Extension Of NZDF Commitment In Afghanistan

The New Zealand Defence Force’s commitment of mentors and support staff to the Afghan National Army Officer Academy in Afghanistan has been extended out to December 2016, Defence Minister Gerry Brownlee says. More>>

PM's Press Conference: Auckland Property Prices Increasing "Too Rapidly"

John Key accepted that Auckland property prices 'are going up too rapidly” in a press conference held today in Wellington, however he said that this is not anything new. More>>

ALSO:

Press Conference: ANZAC PMs Concerned About ISIL Bringing The War Home

Prime Minister Key and Prime Minister Abbott spoke of the bond formed between Australia and New Zealand in the “baptism of fire” of Gallipoli. Abbott stated that New Zealand and Australia’s values and interests are linked, and this is reflected in the joint operation in Iraq which will begin shortly. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news