Parliament

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

 

Government backing the Hutt’s innovation focus

Chris Bishop
National List MP based in the Hutt Valley

16 October 2015

Government backing the Hutt’s innovation focus

Chris Bishop, National List MP based in the Hutt Valley, is welcoming the release of the Government’s strategy for developing New Zealand into a hub for high-value and knowledge-intensive businesses that are conducting more research and development (R&D) to lift innovation.

“The Government’s Business Growth Agenda is all about helping businesses succeed, grow, and create jobs for New Zealanders. The updated “Innovation” chapter released recently by Minister Steven Joyce will be warmly welcomed by Hutt businesses and the wider community,” Mr Bishop says.

“We have a great opportunity in the Hutt to create ‘Technology Valley’ – where science, technology and high value manufacturing drive economic growth, new jobs and higher wages for Hutt residents.”

Over 3,900 people across more than 825 Lower Hutt businesses are employed full-time in the high-tech sector, and the sector generates $473 million in GDP already. Lower Hutt has the fourth largest number of people in NZ employed in medium high-tech manufacturing.

The government has set seven priorities in the Business Growth Agenda “Building Innovation” update. The seven priority areas are:

• Encourage business innovation;

• Attract multi-national R&D investment in New Zealand;

• Strengthen New Zealand’s innovation infrastructure;

• Make the most of the digital economy;

• Proactively review market regulations;

• Increase the impact and relevance of publicly funded scientific research; and

• Grow the availability of innovation skills in New Zealand.

“Increasing business innovation through R & D is right up the Hutt Valley’s alley. Callaghan Innovation in Gracefield is a perfect example of how the Hutt has access to technical knowledge, product development and commercialisation expertise.

“The Government’s ambitious new broadband targets will help connect innovators in the Hutt Valley with the rest of the world.”

The Government has announced new targets for peak broadband speeds of at least 50Mbps by 2025 for 99 percent of New Zealanders, and the remaining 1 percent able to access 10Mbps – up from dial-up or non-existent speeds. This will benefit the ICT sector, including in the Hutt, which produces twice as many innovations that are new to the world than the New Zealand average.

“The Hutt Valley is well placed to be the centre of R & D investment in New Zealand. R&D-intensive start-ups supported by funding accelerator and incubator programmes, especially technology incubators, present a huge opportunity for the Hutt.

“I welcome the government’s commitment to its goal of encouraging New Zealand’s business sector to double its expenditure on R&D to 1 per cent of GDP.

“R&D performed by New Zealand businesses has been growing steadily and grew by 6.4 per cent a year from 2010 to 2014. However, this growth is occurring from a low base and we have not yet closed the gap with other advanced economies. There is much work to do, and we are getting on with doing it.”

The BGA Building Innovation update can be found at http://www.myd.govt.nz/funding/youth-enterprise-initatives-fund.html.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 



Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels