Scoop Business

Official start of new PGP lamb programme

Wednesday, 23 September 2015, 1:22 pm
Press Release: Ministry of Primary Industries

Hon Nathan Guy
Minister for Primary Industries

23 September 2015

Official start of new PGP lamb programme

Primary Industries Minister Nathan Guy has welcomed the official start of a new Primary Growth Partnership (PGP) programme involving premium quality lamb products.

“The ‘Targeting New Wealth with High Health’ PGP programme aims to reach existing and emerging markets with a new class of premium lamb products with improved health qualities,” says Mr Guy.

“This is a collaboration between Alliance Group, Headwaters New Zealand and the Ministry for Primary Industries (MPI). It will help our producers tap further into the increasing demand for premium and healthy foods, and add value to our exports.

“It will focus on producing premium lamb products from the entire carcass that are lower in saturated fat, higher in polyunsaturated fat and packed with healthy omega-3 oils.

“This seven-year programme has the potential to deliver an additional $400 million to the primary sector over 25 years.

“It will build on our reputation as a producer of premium, healthy and innovative food, and will deliver benefits to all parts of the value chain.”

The project was initially approved in January this year and a total investment of up to $25 million has been secured for Targeting New Wealth with High Health, with MPI contributing around half over the programme’s life.

About the Primary Growth Partnership

• The PGP aims to boost the value, productivity and profitability of our primary sector through investment between government and industry. It provides an essential springboard to enable New Zealand to stay at the forefront of primary sector innovation.

Advertisement - scroll to continue reading

• Government and industry are co-investing $724 million over time into 20 PGP programmes (2 completed and 18 underway).

• Decisions on whether or not to approve a programme are made by Director-General of the Ministry for Primary Industries, under recommendation from the independent Investment Advisory Panel (IAP).

• PGP programmes are generally long-run programmes of five to seven years’ duration and are subject to oversight and monitoring by an independent Investment Advisory Panel and MPI.

• Monitoring requirements include programme steering groups, quarterly progress reporting, annual plans, financial audits, and progress reviews, along with evaluation of the overall programme. Government funding is only released to programmes on receipt of invoices for work completed in accordance with programme plans.

• More information is available at: http://www.mpi.govt.nz/funding-and-programmes/primary-growth-partnership/

ENDS

Advertisement - scroll to continue reading

Did you know Scoop has an Ethical Paywall?

If you're using Scoop for work, your organisation needs to pay a small license fee with Scoop Pro. We think that's fair, because your organisation is benefiting from using our news resources. In return, we'll also give your team access to pro news tools and keep Scoop free for personal use, because public access to news is important!

Go to Scoop Pro Find out more

Find more from Ministry of Primary Industries on InfoPages.

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH

John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services

Every debt, eventually, has to be repaid. Right now, the day of reckoning is fast approaching for one of the most crippling, but least discussed, debts burdening government across New Zealand – technical debt. Technical debt is the cost of generations of incremental investments in legacy technologies to tease additional functionality or life from them.

Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience

Witnessing the human cost of the Canterbury earthquakes inspired Ben Exton to become an earthquake engineer and find solutions to make New Zealand homes more resilient against future seismic events. Exton last week received the Ivan Skinner Award at the New Zealand Society of Earthquake Engineering (NZSEE) annual conference to recognise his innovative work as a practitioner and to support his qu

Reserve Bank: Consultation Opens On A Digital Currency For New Zealand

Te Pūtea Matua is continuing its exploration of a central bank digital currency. “We are calling this ’digital cash’. It would be a new type of money in addition to the banknotes and coins we have today, and the electronic money in your bank account,” Director of Money and Cash – Tari Moni Whai Take Ian Woolford says.

NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research

NIWA anchored their research vessel in Wellington Harbour and observed in real-time how its anchor changed the surrounding environment. Study leader NIWA geophysicist Dr Sally Watson says they saw broomstick-like scarring on the seabed.

New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore

The New Zealand Customs Service has signed an arrangement with Singapore that will help to make trade simpler for exporters. The Arrangement on Facilitating Safe and Efficient Trade sets out a framework for developing and strengthening practical cooperation on trade and the use of emerging technology.

Horizon Research: 68% Say Make Banks Offer Fraud Protection

68% (2,785,000 adults) believe the government should regulate to make sure banks offer fraud and cybercrime protection to customers. These are among findings of a new study, conducted in the public interest by Horizon Research, on bank fraud and cybercrime.

Join Scoop Pro

Submit News

Become a Member