Articles tagged with Small Business
Open Banking Expands to Business Banking, Boosting Productivity and Growth
6 days ago | 61 viewsOpen Banking will be expanded to business banking channels, enabling businesses to share banking data with trusted providers to access faster loan comparisons, automated accounting, and improved cashflow management. This initiative aims to save businesses time on administrative tasks, boost competition, and enhance productivity, particularly benefiting small businesses by providing clearer financial insights and reducing manual work. While large corporates are exempt due to limited demand, the government prioritizes Open Banking as a key tool to support small business growth and efficiency.
Tags: Scott Simpson Chris Penk Open Banking business banking fintech small businesses loan comparisons automated accounting cash flow productivityStats NZ Moves Over 60 Business Surveys Online to Ease Burden by 2026
1 week ago | 180 viewsStats NZ is transitioning over 60 business surveys to an online platform starting August 2026 to reduce the administrative burden on businesses and modernize data collection. This shift, praised by Statistics Minister Dr Shane Reti and Small Business and Manufacturing Minister Chris Penk, particularly benefits small businesses by making survey completion faster, more convenient, and less disruptive. The move aims to improve response rates and ensure timely, accurate insights for policymaking while allowing businesses to focus on growth.
Tags: Stats NZ Dr Shane Reti Chris Penk business surveys online surveys small business manufacturing New Zealand Labour Cost Index Business Price IndexGovernment Expands Digital Manufacturing Light Program to Boost NZ Manufacturers
1 month ago | 278 viewsThe New Zealand Government is expanding the University of Auckland’s Digital Manufacturing Light programme to help at least 180 small and medium-sized manufacturers in key regions adopt affordable digital technologies, boosting productivity and workforce skills. The programme provides tailored assessments, installation support, and training to integrate low-cost, off-the-shelf technologies without major capital investment, enabling manufacturers to modernize operations and gain real-time insights. This initiative aims to enhance competitiveness, drive innovation, and contribute significantly to the national economy, with potential GDP growth of $8.6 billion from faster digital adoption.
Tags: Chris Penk University of Auckland Auckland Council Xero New Zealand Institute of Economic Research Institute for Manufacturing University of Cambridge Digital Manufacturing Light Small Business and Manufacturing Minister New Zealand GovernmentNew Zealand Manufacturing Hits Highest Activity Since 2021 with Growth and Awards
2 months ago | 598 viewsNew Zealand manufacturing activity reached its highest level since December 2021, with the seasonally adjusted PMI rising to 56.1, indicating industry expansion and outperforming major global economies. Manufacturing is vital to New Zealand’s economy, employing over 220,000 people, contributing 8% of GDP, and accounting for 60% of exports, with recent growth signaling a positive outlook. To celebrate this success, the government announced the second annual Minister for Manufacturing Awards, introducing new categories to recognize small businesses, emerging leaders, and lifetime contributions, with entries opening from 23 February to 31 March 2026.
Tags: Chris Penk New Zealand Manufacturing Small Business BNZ BusinessNZ Performance of Manufacturing Index Minister for Manufacturing Awards Advancing Manufacturing Aotearoa Auckland ShowgroundsNew Zealand Launches AI Advisory Pilot to Boost Small Business Productivity
2 months ago | 539 viewsThe New Zealand government is launching an AI Advisory Pilot programme to help small businesses access and confidently use artificial intelligence tools, providing up to $15,000 in co-funding and expert support tailored to their needs. This initiative, running for at least six months through the Regional Business Partner Network, aims to boost productivity, economic growth, and responsible AI adoption while addressing challenges like privacy and data management. Additionally, the government is investing $70 million over seven years in AI research and innovation to strengthen New Zealand’s competitive edge and support long-term economic benefits.
Tags: Chris Penk Shane Reti Small Business Artificial Intelligence AI Advisory Pilot New Zealand Regional Business Partner Network AI Strategy MBIE New Zealand Institute for Advanced TechnologyNew Food Safety Rules Help Small-Scale Meat Processors Save Costs and Boost Local Food
4 months ago | 433 viewsNew rule changes reduce sampling and testing requirements for small-scale meat processors, lowering costs while maintaining high food safety standards. These adjustments, developed after consultation with micro operators, aim to ease barriers for small businesses and support local food supplies without compromising safety. The government is committed to balancing oversight with practicality to foster innovation and help primary industries succeed.
Tags: Andrew Hoggard Food Safety Minister micro abattoirs food safety rule changes sampling requirements small businesses primary industries complianceWellington Disputes Tribunal Adopts Electronic Case Files for Faster Justice
4 months ago | 410 viewsThe Wellington District Court's Disputes Tribunal has transitioned to electronic case files to provide faster, more flexible justice, allowing referees and staff to securely access and manage cases remotely. Following successful implementations in Christchurch and upcoming plans for Auckland, this digital shift aims to reduce delays and improve the system nationwide. The move supports small businesses and consumers by enabling quicker dispute resolutions, helping them recover losses and maintain operations efficiently.
Tags: Wellington District Court Disputes Tribunal electronic case files Courts Minister Nicole McKee Christchurch District Court Auckland Metro Hub small businesses consumer disputes remote hearings faster justiceNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
5 months ago | 544 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureNew Zealand's Minister Chris Penk to Represent Small Business at G20 Trade Meeting in South Africa
6 months ago | 503 viewsSmall Business and Manufacturing Minister Chris Penk is representing New Zealand at the G20 Trade and Investment Ministerial Meeting in South Africa, aiming to advance the country's interests with major global economies. New Zealand, as a guest country alongside G20 members, will discuss trade and investment matters, including upholding the international rules-based trading system. During the meeting, Mr Penk will focus on advocating for New Zealand's priorities within the World Trade Organisation while also strengthening the relationship between New Zealand and South Africa.
Tags: Chris Penk Small Business Manufacturing Minister New Zealand G20 Trade Investment South Africa WTO International TradeNew Zealand to Reform AML/CFT Laws for Small Businesses: Minister McKee Announces Overhaul
9 months ago | 1168 viewsAssociate Justice Minister Nicole McKee says that small businesses will benefit from upcoming reforms to New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, as the Government moves to make compliance more proportionate and practical for low-risk operators. Associate Justice Minister Nicole McKee has announced Cabinet’s approval to draft a new Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill to overhaul the existing system. Under current rules, even small businesses and professionals, such as real estate agents, face complex and time-consuming checks, often regardless of how much risk they face,” Mrs McKee says.
Tags: Nicole McKee Justice Minister small businesses reforms compliance customer due diligence real estate agents simplified checks