Parliament

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

Gordon Campbell: On Labour’s Policy Resurgence, And Alex Chilton

For much of this year, almost all the diversity in politics has been down at the retail end, where apparent differences reside in the tone, and in details. Up at the wholesale end – in the economic settings that drive the engine of politics – the story has been of convergence, exemplified by Labour and the Greens signing up to the Budget Responsibility Rules...

However, and only three months out from the election, there is finally some genuine good news. Twice this week, Labour has released policy that has well and truly gotten up the nose of the sort of lobby groups that it has spent most of 2017 trying to cultivate. More>>

 

Right In The Thiels: Just 12 Days In NZ Before Citizenship

DIA have received advice from the Ombudsman that a detail originally redacted from the citizenship file of Peter Thiel released in January for privacy reasons should be made available by 27 July. More>>

ALSO:

Domestic Violence And Teachers: Members’ Bills Ballot

The ballot was held, and resulted in the following bills being drawn:
54 Sentencing (Domestic Violence) Amendment Bill - Hon Nanaia Mahuta
16 Education (Teaching Council of Aotearoa) Amendment Bill - Chris Hipkins More>>

ALSO:

Legislation: Point England Housing Bill Passed

The passage of the Point England Development Enabling Bill through Parliament this evening will benefit Auckland with additional housing, help resolve Ngāti Paoa’s Treaty claim and improve the local environment and recreation facilities, Building and Construction Minister Dr Nick Smith says. More>>

ALSO:

Cyberducation: Digital Curriculum Launch And Funding Package

Consultation on new digital technologies content for the New Zealand Curriculum and Te Marautanga o Aotearoa, the Māori-medium Curriculum, was launched today by Education Minister Nikki Kaye. More>>

ALSO:

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog