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

 


New profiles to increase investment in regions

New profiles to increase investment in regions


Economic Development Minister Steven Joyce today launched a set of 14 Regional Investment Profiles at the New Zealand and Australia Economic Development Forum 2014 to promote investment opportunities in each region of New Zealand.

The profiles provide information about sector strengths and how these are supported by each region’s workforce, raw materials, services and infrastructure. They also include case studies and comments from businesses that have invested in each region.

“The profiles will be used by the Government, NZTE, and regional Economic Development Agencies to identify investment opportunities where there is a regional advantage, to help guide investors more quickly and effectively to those regions where opportunities are strongest,” Mr Joyce says.

“It’s the regions that have led New Zealand’s recovery from the Global Financial Crisis. These profiles will help regions attract more new investment and further strengthen their local economies.”

New Zealand Trade and Enterprise (NZTE) already provides investors with information about how New Zealand as a whole compares with other countries as a business and investment location. The regional profiles will do the same for each region of the country.

“Investors have a lot of choice across countries, sectors and regions so they need a clearly-defined value proposition. It’s important for everyone working to attract investment to the regions to get to grips with how investors see the world and how best to communicate with them,” Mr Joyce says.

“By clearly articulating the key business opportunities in each region we will be in a better position to attract more new investment into regional New Zealand.”

NZTE developed the profiles in partnership with Economic Development Agencies (EDAs). Around 200 businesses, as well as EDAs, were consulted and contributed information.

The profiles are part of NZTE’s Regional Investment Attraction Programme which is encouraging more international firms to invest in New Zealand’s regional economies to increase growth and jobs.

The programme is set out in the Government’s Business Growth Agenda – Building Capital Markets workstream and supports the target to increase the ratio of New Zealand’s exports from 30 per cent to 40 per cent of GDP by 2025.

During the next phase of the programme NZTE will work with EDAs and the private sector to develop company and greenfield investment opportunities in the regions, and will provide a toolkit, training and assistance to help EDAs support the investment attraction process.

NZTE is also helping New Zealand businesses to improve capability and get into an investment-ready condition through its Better by Capital service.

The Regional Investment Profiles are available at www.nzte.govt.nz/regionalinvestmentprofiles

The Business Growth Agenda – Future Direction 2014 report is available atwww.mbie.govt.nz/pdf-library/what-we-do/business-growth-agenda/bga-reports/future-direction-2014.pdf

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Anzac Day:


Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence.

The changes follow the resignations from Cabinet of Hekia Parata and Murray McCully.

In other changes Simon Bridges has been appointed Leader of the House and Nicky Wagner has been made Minister supporting Greater Christchurch Regeneration. More>>

 

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news