Attracting investment to New Zealand’s regions
Economic Development Minister Steven Joyce recently announced a new national strategy to attract more international business investment and increase growth across the country.
MartinJenkins Director, Nick Davis , played a key role in developing the strategy, working closely with the Ministry of Business, Innovation and Employment, New Zealand Trade and Enterprise, Callaghan Innovation, Ministry of Foreign Affairs and Trade, Ministry of Primary Industries and the Treasury.
The strategy recognises that a more concerted and better integrated New Zealand-wide effort is needed to attract the increased levels of high-quality investment needed to support the government’s goals of increased exports, R&D, innovation, job creation and economic growth.
The ambitious strategy sets out three priorities:
- The attraction of high-quality foreign direct investment in areas of competitiveness for New Zealand
- The attraction of overseas investment in research and development, especially encouraging multinational corporations to locate their R&D activity in New Zealand, and
- Expanding New Zealand’s pool of smart capital by attracting individual investors and entrepreneurs to New Zealand.
The strategy aims to develop a national pipeline of investable opportunities across the whole of New Zealand, which will be promoted to targeted investors in offshore markets. A new cross-government Taskforce has been set up to drive the strategy, with progress to be overseen by the Building Investment ministers group.
We are proud to be associated with this important initiative and look forward to it delivering real investment to New Zealand’s cities and regions.
Read more about this important initiative here.