Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


UK Market Entry Panel Selects Windflow

Windflow Technology is through to the finals of a prestigious UK MARKET ENTRY (UK-ME) business competition, an achievement that further endorses the significance and timing for the Windflow 500 in the UK.

Windflow’s distributor Ventus Green Energy has received 370 expressions of interest from Scottish farmers wanting information about the Windflow 500. 29 of these landowners have paid Ventus Green Energy to apply for the appropriate planning consent to install a Windflow 500 in Scotland.

Windflow entered the UK expansion category of the UK-ME competition and judges had to be convinced that their business case was both plausible and professional. Eligibility to enter into this category included confirming an intention to have a physical presence in the UK within 18 months.

Windflow CEO Geoff Henderson said, “winning the South Island regional competition and having the company’s business case for UK scrutinized by business professionals reinforced the company’s export strategy and focus on UK was right on target.”

“This competition is about fast tracking for British business success and judges will be well aware of the magnitude of the opportunity that faces Windflow by virtue of the feed-in tariffs.”

UK Trade and Investment support the competition with a range of Gold sponsors including HSBC and NZ Trade and Enterprise.

Windflow Technology Ltd has announced this week its plans to raise capital to provide an appropriate balance sheet and enable the company to take up the business opportunity to develop exports to the UK market.

UK Trade & Investment has professional advisers across 96 international markets. It is the government department that helps UK-based companies succeed in the global economy and assists overseas companies to bring their high-quality investment to the UK.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>