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

Greek Riddles:
Gordon Campbell On The Recent Smackdown Over Greece

There had been a fortnight of fevered buildup. Yet here we are in the aftermath of the February 28 showdown between the new Syriza government in Greece and the European Union “troika” and… no-one seems entirely sure what happened. Did the asteroid miss Earth?

It seems to have. The EU still exists. Syriza is now claiming a victory of sorts. It doesn’t help that the only people who do appear to be sure (the Greeks buckled) are claiming the exact opposite to what the other group (the Greeks won!) are saying. Plus, there are bets either way e.g. Bloomberg News: “Its too early to say who caved in to whom.” More>>

 

PARLIAMENT TODAY:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Gordon Campbell: On The Wage Hike For MPs (and Paul Robeson)

Hard to tell what is more infuriating. Is it the 5.3% increase on the already bloated salaries of MPs, or their pantomime of outrage at being gifted with such a wonderful back-dated bonanza? More>>

ALSO:

No Designers Or Visual Artists: Flag Panel Members Announced

The Government has appointed 12 New Zealanders as members of the Flag Consideration Panel which will engage with the public about a possible new New Zealand flag, Deputy Prime Minister Bill English says. More>>

ALSO:

Labour MP Stands Down From Portfolio: Comment From Carmel Sepuloni

The first I knew of my mother’s charges was when I was called by a reporter yesterday. I spoke to Andrew and we agreed there is a conflict of interest at the present time which means I will temporarily stand aside from the Social Development portfolio. It’s the right thing to do… . More>>

ALSO:

Gordon Campbell: On Whether NZ Troops Are The Least Of Islamic State’s Problems

Given that it has been politically packaged and sold as a training mission, the Iraq deployment announced yesterday by Prime Minister John Key seemed to be mysteriously short of actual trainers... The other wing of the argument is whether a troop deployment is (a) the only effective way and (b) the appropriate time to combat Islamic State. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news