Parliament

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

 

PGF invests in Top of the South ocean economy

The Provincial Growth Fund (PGF) will invest almost $7 million in the Top of the South’s ocean economy and also support the first economic growth strategy for all communities in the wider region, the Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today.

Future development of the region’s ocean economy will be supported by a $6.4 million PGF investment in the following projects:

• $6 million to help establish a National Algae Centre in Nelson (Cawthron Institute)
• Up to $252,000 to investigate an upgrade to Port Tarakohe (Tasman District Council)
• $95,000 to develop a regional artificial intelligence facility (Nelson Artificial Intelligence Institute)
• $99,000 towards a business case for the Marlborough Sounds Smart Services Deployment project (Marlborough District Council)

“The largest of the investments in the region’s ocean economy will go to the Cawthron Institute, a world-leader in research into the potential applications of algae. Support from the PGF will enable them to build upon their existing work to unlock new and exciting commercial opportunities.

“We know already there is massive potential and global market demand for algae based products. This investment will enable New Zealand to capitalise on that demand, and will also produce up to 30 new jobs in the region upon the creation of the national centre.

“The PGF will also make it easier for the industry to do business through investments in science and technology. A regional artificial intelligence facility will receive $95,000 and $99,000 will support the delivery of more accurate, consistent and better data to the aquaculture industry.

“A $252,000 PGF investment in Port Tarakohe will help the Tasman District Council investigate what is needed to upgrade and expand the port. The green-lipped mussel industry has been given regulatory approval to increase mussel farming over 2,000 hectares in Golden Bay. But in order to do this, they need the port to expand.

Fisheries Minister Stuart Nash says the investment from the PGF will be a welcome shot in the arm for the primary sector in the top of the South.

“Land-based primary industries across Te Tauihu have struggled with drought and fires, and aquaculture has suffered problems with algal bloom and warmer ocean temperatures.”

“But there is a bright future for aquaculture highlighted by strong forecasts of export growth for seafood in key markets, especially China, the U.S. and Europe. This investment will make a real difference,” Stuart Nash said.

Under-Secretary Tabuteau said with more than 70% of New Zealand’s aquaculture industry located in the region and a strong research and development capability, Te Tauihu is well-placed to be a global leader in growing the ocean economy.

“But, like many regions of New Zealand, the Top of the South faces issues such as low productivity and low wages which, if not addressed, will hold this region back from realising its incredible potential.”

“To address these issues, the PGF will invest $435,000 in the 2077 Te Tauihu strategy, to give the wider region a roadmap for growing and diversifying the economy for generations to come.

“Wakatū Incorporation is leading the development of the 2077 Te Tauihu strategy on behalf of Nelson City Council, Tasman District Council, Marlborough District Council, eight Iwi of the region, and local business.

“The 2077 Te Tauihu strategy will allow this region to leverage off other key industries to deliver sustainable and meaningful growth into the future, and today is just the beginning.

“We are proud to support the Top of the South through the Provincial Growth Fund,” Fletcher Tabuteau said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ellen Rykers on The Dig: Community Conservation – The Solution To The Biodiversity Crisis?

There are backyard trapping networks doing their bit for Predator Free 2050, farmers planting native trees along their waterways, and iwi protecting whenua rāhui. There are 62 biodiversity sanctuaries across 56,000 hectares, with around two-thirds of them community-led. There are citizen scientists counting birds in their backyards and landowners conserving habitat in 3,500 Queen Elizabeth II National Trust covenants.

It’s increasingly clear that a government agency alone cannot combat the biodiversity crisis successfully. These grass-roots initiatives are a growing resource in the conservation toolbox. More>>

Closing This Weekend! Have Your Say On The Issues For NZ's New Biodiversity Strategy

Scoop and PEP invite you to help decide how we should protect and restore our biodiversity over the next 50 years using Scoop’s online engagement platform, HiveMind. HAVE YOUR SAY HERE>>

Biodiversity HiveMind Preliminary Progress Report
Open data report summarising preliminary findings of the Biodiversity HiveMind. Read Progress Report Here>>

 

PM In Japan: Jacinda Ardern’s Remarks Following Abe Summit

Today we discussed a wide range of topics. Broadly the themes were: a deeper, high-value trade and investment relationship, greater cooperation in the Pacific; and strengthening our security partnership. More>>

ALSO:

Replacing All But Chair: Twyford Appoints Five NZTA Board Members

Transport Minister Phil Twyford today announced the appointment of five new members to the NZ Transport Agency Board... There remain two vacancies on the NZTA Board which will be filled in due course. More>>

ALSO:

Climate Change: Adaptation And Risk Assessment Framework Released

“We are already experiencing the effects of a changing climate such as coastal inundation and increasingly frequent and severe droughts, floods, fires and storms. This framework is an acknowledgement that we must start adapting”, James Shaw said today. More>>

ALSO:

Ihumātao: Mana Whenua Reach Decision On Land

Māori King Tūheitia says mana whenua have finally reached consensus over what to do with Ihumātao - they want it back. More>>

ALSO:

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels