Articles tagged with Growth
New Zealand’s Active Investor Plus Visa Attracts $3.39B in Global Investments
5 days ago | 108 viewsSince its refresh in April 2025, New Zealand’s Active Investor Plus visa has attracted $3.39 billion from 573 applicants, significantly surpassing previous investment levels and supporting sectors like tech, healthcare, and horticulture. Immigration Minister Erica Stanford highlights that this influx of international capital and expertise is driving productivity, job creation, and business expansion, aligning with the Government’s economic growth goals. Additionally, new visa settings allow investor visa holders to purchase or build high-value homes, fostering deeper connections to New Zealand.
Tags: Erica Stanford Active Investor Plus Hectre New Zealand Immigration Minister Going for Growth AIP visa international investment investor visa Growth CategoryNew Zealand Boosts Space Launch Cap from 100 to 1000 for Industry Growth
1 week ago | 116 viewsNew Zealand has increased the permitted number of space launches from 100 to 1000 to support the rapid growth of its space and advanced aviation sectors, which are significant contributors to the economy. This change follows a regulatory review that found low environmental risks for up to 1000 launches and provides long-term certainty for industry planning until at least 2050. The government aims to double the size of these sectors by 2030, ensuring continued innovation and investment while maintaining clear environmental standards.
Tags: Judith Collins Penny Simmonds New Zealand space launches advanced aviation space sector environmental regulations orbital rockets government policy economic growthGovernment Investment Boost Drives Early, Larger Investments and Economic Growth
1 week ago | 120 viewsThe Government’s Investment Boost is effectively encouraging firms to increase, accelerate, and scale up their investments, thereby enhancing productivity and economic growth. Survey data shows that a significant portion of companies have raised their investment spending and shifted toward productivity-enhancing assets due to the policy, with Inland Revenue modeling indicating a reduction in the effective marginal tax rate on new capital investment. These positive impacts align with projections of GDP, wage, and capital stock growth over the next 20 years, demonstrating the importance of stable, supportive tax policy for long-term economic development.
Tags: Nicola Willis Investment Boost Inland Revenue New Zealand Economic Growth United Machinists Foot Science International Vynco Government Policy ProductivityRecord Mineral Permit Applications Boost New Zealand’s Gold Mining and Exploration in 2025
1 week ago | 121 viewsNew Zealand’s mineral exploration and mining sector is experiencing strong growth, with record permit applications and approvals in 2025, particularly for gold projects concentrated in the South Island’s West Coast. The diverse mix of prospecting, exploration, and mining permits, along with the conversion of small-scale permits to a more suitable regulatory class, indicates healthy progression and increased confidence in the sector. This momentum, driven by multiple mid-sized projects and active permit management, supports regional economic growth, job creation, and New Zealand’s broader resource development strategy.
Tags: New Zealand Shane Jones mining exploration mineral permits gold West Coast New Zealand Petroleum and Minerals regional economic growth mining projectsSouth Taranaki Green Hydrogen Facility Begins Construction with $19.9M Funding
2 weeks ago | 169 viewsConstruction has begun on a sustainable green hydrogen facility in South Taranaki, supported by a $19.9 million government investment and additional co-funding, with a total project cost of up to $112.3 million. The facility will supply renewable electricity to Ballance Agri-Nutrients' Kapuni site and produce green hydrogen for emissions-free transport, creating around 50 construction jobs and seven permanent roles. This project, a partnership between multiple organizations, aims to boost the regional economy by integrating wind energy, renewable electricity, and zero-carbon hydrogen fuel production at scale.
Tags: Shane Jones Hiringa Energy Parininihi ki Waitōtara Todd Regional Development Minister Ministry of Business Innovation and Employment Provincial Growth Fund South Taranaki New ZealandRestoring 110 Hectares of Native Forest on Northland’s Kōwhairoa Peninsula
3 weeks ago | 187 viewsA restoration project on Northland’s Kōwhairoa Peninsula Historic Reserve aims to reestablish 110 hectares of native forest through planting 132,000 native trees and pest control, supported by $1.54 million in government funding. Led by Te Komanga Marae Trust and guided by ecologist Dr. Adam Forbes, the initiative revives a culturally and ecologically significant site cleared by early settlers, using locally-sourced seeds. The project, launched in 2019 and funded under the Provincial Growth Fund’s One Billion Trees programme, is progressing well and expected to be completed by the end of 2026.
Tags: Shane Jones Roger Kingi Adam Forbes Te Komanga Marae Trust Ngāti Kahu ki Whangaroa Te Uru Rākau Department of Conservation Provincial Growth Fund One Billion Trees NorthlandNelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
3 weeks ago | 185 viewsNelson Marina has received a $12.89 million loan from the Regional Infrastructure Fund to expand its facilities, including installing a 110-tonne vessel hoist and increasing hardstand capacity from 14 to 54 bays. The project, co-funded by Nelson Marina Management Ltd with a matching $12.89 million, aims to create up to 110 construction jobs and 180 ongoing roles, boosting the region's $350 million blue economy. Construction is set to begin in May and is expected to be completed by mid-2028, supporting the government's goal of regional economic growth through improved infrastructure.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringNelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
3 weeks ago | 191 viewsNelson’s marina expansion has received a $12.89 million loan to upgrade infrastructure, including a 110-tonne vessel hoist and expanded maintenance capacity, aiming to boost the regional economy and create up to 180 ongoing jobs. The project, co-funded by Nelson Marina Management Ltd and owned by Nelson City Council, will also feature a new marine service centre with office, retail, and workshop spaces. Construction is set to begin in May and finish by mid-2028, supporting Nelson’s significant blue economy, which contributes over $350 million annually and employs more than 3,700 people.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringStrong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister
2 months ago | 451 viewsFinance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
Tags: economy growth Nicola Willis Finance Minister Stats NZ Treasury Reserve Bank manufacturing sector construction business services GDP per capitaNew Overseas Investment Law Speeds Approvals and Boosts NZ Economic Growth
2 months ago | 356 viewsAssociate Finance Minister David Seymour welcomes the Overseas Investment Amendment Act, which accelerates overseas investment decisions to 15 working days for most sectors, aiming to boost New Zealand business growth, productivity, and wages. The law simplifies the screening process with a modified national interest test, maintains stricter rules for sensitive assets like farmland and residential land, and allows overseas investors with a New Zealand investor resident visa to purchase high-value homes to encourage investment. Immigration Minister Erica Stanford highlights that attracting international investors brings capital, skills, and connections vital for economic development and growth.
Tags: David Seymour Erica Stanford Overseas Investment Act New Zealand LINZ Active Investor Plus immigration foreign investment economic growth productivityKaikōura Waterfront Redevelopment Boosts Tourism and Local Economy
2 months ago | 399 viewsThe completion of Kaikōura’s waterfront redevelopment, including the Wakatu Quay precinct, marks a significant milestone in revitalizing the region’s economy and tourism after the 2016 earthquake. The project features a new marine-inspired building for tourism, hospitality, and cultural events, supported by over $10 million in funding and a partnership between government, local council, iwi, and stakeholders. Constructed within a year by mostly local workers, the redevelopment enhances Kaikōura’s appeal as a destination and is expected to stimulate further private sector growth.
Tags: Kaikōura Shane Jones Wakatu Quay Kaikoura earthquake Regional Development Minister Provincial Growth Fund Kaikoura District Council tourism waterfront redevelopment South IslandFast-Track Approvals Amendment Bill Passed to Boost Economy and Grocery Competition
2 months ago | 313 viewsThe Fast-track Approvals Amendment Bill has been passed to streamline and expedite the approval process for important projects, particularly benefiting supermarket competition and regional development. The amendments aim to reduce consent processing times by over six weeks, making it easier for new supermarkets to open and boosting economic growth. Ministers emphasize that these changes will promote affordability, regional prosperity, and faster project delivery by addressing previous inefficiencies and red tape.
Tags: Nicola Willis Chris Bishop Shane Jones economic growth supermarket competition resource consent grocery affordability regional development government policy statementNew Zealand's New Planning System to Boost Housing Growth and Homeowner Freedom
2 months ago | 600 viewsThe New Zealand Government is overhauling its planning system to address the housing crisis by simplifying rules, increasing land supply, and enabling more competitive urban land markets, thereby making it easier and faster to build homes. The reforms include standardizing zoning nationwide, reducing consent complexities, allowing more development without council approval, and providing clear national direction with ambitious housing growth targets. These changes aim to lower costs, increase housing choice, strengthen property rights, and support sustainable urban expansion, with legislation expected to pass by 2026.
Tags: Chris Bishop New Zealand Government RMA Reform Housing Minister Planning Bill Resource Management Act Going for Housing Growth National Policy Statement ParliamentNew Zealand's Planning Reform Boosts Growth, Cuts Costs, and Modernizes Laws
2 months ago | 333 viewsFinance Minister Nicola Willis and RMA Reform Minister Chris Bishop announced a major overhaul of New Zealand’s planning rules aimed at boosting economic growth, job creation, and income levels by replacing the Resource Management Act with a more efficient, pro-growth system. The reforms, introduced through two new bills—the Planning Bill and the Natural Environment Bill—are projected to save $13.3 billion in costs over 30 years and increase GDP by at least 0.56% annually by 2050, while strengthening property rights and reducing regulatory burdens. The Government plans to pass the legislation by 2026, inviting public input through the Select Committee process.
Tags: Nicola Willis Chris Bishop Simon Court New Zealand Resource Management Act Planning Bill Natural Environment Bill RMA Reform Finance Minister economic growthTasman's Port Tarakohe Upgrade Boosts Economy, Aquaculture & Regional Resilience
2 months ago | 272 viewsThe $12.7 million upgrade of Port Tarakohe in Tasman District has transformed it into the region's only all-tide, all-weather, deep-water port, enhancing economic development and resilience. The improvements, including new wharves and facilities, support the growing aquaculture industry, marine tourism, and provide a crucial alternative route during highway closures. Funded jointly by the government and Tasman District Council, the project is expected to unlock nearly a billion dollars in value over 25 years and ensure vital access to Golden Bay during emergencies.
Tags: Shane Jones Jenny Marcroft Port Tarakohe Tasman District Golden Bay aquaculture infrastructure upgrade Provincial Growth Fund mussel farming Regional Development Minister