Parliament

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

 

NZTE to attract more regional investment

NZTE to attract more regional investment


New Zealand Trade and Enterprise is to establish a new regional investment attraction programme to encourage more international firms to invest in New Zealand’s regional economies, Economic Development Minister Steven Joyce says.

NZTE will work in partnership with regions around the country to create comprehensive investment profiles that outline the strengths of the particular regional economy, the opportunities for investment, and what the region can offer to investors.

“We know there are big opportunities for New Zealand from the massive growth in the numbers of consumers across Asia. However, companies these days can invest their money wherever they like around the world. The challenge for each of New Zealand’s regions is to showcase the real opportunities for competitive businesses in their region, and this programme will help them do it in a more systematic way,” Mr Joyce says.

The NZTE regional investment attraction programme is part of the agency’s work to mobilise capital from domestic and international sources to help lift exports and grow New Zealand’s economy. This includes the new “Better by Capital” service which helps companies to understand the capital raising process to fund their international growth.

“The regions that are doing the best are those that have a clear positive approach that welcomes investment and new opportunities,” Mr Joyce says.

“The profiles will allow regions to clearly lay out the advantages they offer investors in terms of natural resources, infrastructure, the availability of skilled workers, and innovation hubs that support investment.

“NZTE will also provide a toolkit, training, and assistance for regional economic development agencies to better support investor engagement, guidance, and due-diligence.”

To help create and further develop these investment profiles, the Government is commissioning a number of Regional Growth Studies to evaluate growth opportunities in particular regions. These detailed in-depth reports will identify areas of existing economic strength and where opportunities for further growth lie, with a particular focus on the primary sector.

“In commissioning the Regional Growth Studies, the Government will work alongside regional stakeholders such as regional councils and economic development agencies. Local input into the reports will be vital to ensure they are evidence-based and comprehensive,” Mr Joyce says.

“The first study, for the Gisborne/Hawke’s Bay region, arose out of discussions with Regional Councils last year and is nearly complete. A request for proposals for the Northland study was released yesterday by the Ministry of Business Innovation and Employment alongside the Ministry of Primary Industries, and additional studies will be considered in partnership with other regions.

“The latest data shows that it is the regions that have been clearly leading New Zealand’s recovery out of the GFC. Today’s announcements will further accelerate this progress.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Yesterday’s Big Parliamentary Air Kiss To China

In order to obtain support from the two major parties, Act Party deputy leader Brooke Van Velden twice had to soften the language of her parliamentary motion yesterday condemning China’s persecution of the Uighurs. The key word “genocide” was deleted. Evidently, the kind of resolution passed by a conservative government in the UK proved to be far too tough for a centre-left Labour government and a centre-right National opposition to countenance. Yesterday, the two major parties were united in their fear of retribution from China... More>>

 

Government: Fair Pay Agreements To Improve Pay And Conditions For Essential Workers

The Government is delivering on its pre-election commitment to implement Fair Pay Agreements which will improve wages and conditions, as well as help support our economic recovery, Workplace Relations and Safety Minister Michael Wood announced today. More>>

ALSO:

Public Services: Government Sets Pay And Workforce Expectations For The Public Sector

The Government’s Workforce Policy Statement issued today sets out its expectations for pay and employment relations in the Public Sector, the Minister of Finance and Minister for the Public Service say. “New Zealand has had an exceptionally successful ... More>>

ALSO:

Government: Budget 2021 Reprioritises Nearly $1 Billion

Hon Grant Robertson Deputy Prime Minister Minister of Finance The Government’s strong pandemic response and the better than expected economic recovery means not all the money allocated in the COVID-19 Response and Recovery Fund has been spent, ... More>>

ALSO:


PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>

ALSO:

PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels