Vote Economic Development
MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister for Economic Development (M25), Minister for Small Business (M62)
ADMINISTERING DEPARTMENT: Ministry of Economic Development
MINISTER RESPONSIBLE FOR MINISTRY OF ECONOMIC DEVELOPMENT: Minister for Economic Development
Details of Appropriations
Details of Annual and Permanent Appropriations
| 2011/12 | |||
|---|---|---|---|
| Titles and Scopes of Appropriations by Appropriation Type | Estimates Budget $000 | Supplementary Estimates Budget $000 | Total Budget $000 |
Departmental Output Expenses | |||
Policy Advice - Small Business (M62)This appropriation is limited to policy advice on issues relating to lifting the capability and performance of Small to Medium Enterprises (SMEs), including ministerial servicing and advice on the development, coordination and implementation of policies and programmes that affect SMEs. | 1,529 | 80 | 1,609 |
Policy Advice and Sector Leadership - Firm Capability, Sectoral and Regional Development (M25)This appropriation is limited to the purchase of policy advice, ministerial servicing and programme management for the development, evaluation and overview of economic, industry and regional development policies and initiatives to achieve short and long term economic growth and stability, and improving and leading the public sector procurement policy and practises. | 22,404 | 3,260 | 25,664 |
Total Departmental Output Expenses | 23,933 | 3,340 | 27,273 |
Non-Departmental Output Expenses | |||
International Business Growth Services (M25)This appropriation is limited to helping firms export and internationalise by identifying and exploiting market and investment opportunities; overcoming internationalisation barriers; providing customised advice and support; and enabling access to international business networks. | 104,225 | 883 | 105,108 |
Investment Fund Management (M25)Operational costs of the Venture Investment and Seed Co-investment Funds. | 2,330 | - | 2,330 |
Rugby World Cup (M25)This appropriation is limited to performance of the functions relating to the Rugby World Cup Authority. | 1,114 | - | 1,114 |
Services to Develop Business Capability (M25)This appropriation is limited to building and enhancing business and management capability through providing access to effective assessment, advice, training, mentoring and information. | 16,659 | (1,654) | 15,005 |
Services to Support Sector Development and Special Events (M25)This appropriation is limited to securing and capitalising on significant economic development opportunities for New Zealand, with a focus on sectors and special events. | 30,896 | 2,028 | 32,924 |
Total Non-Departmental Output Expenses | 155,224 | 1,257 | 156,481 |
Non-Departmental Other Expenses | |||
Canterbury Earthquake Recovery - Business Support (M25)This appropriation is limited to providing support for the recovery of businesses affected by the Canterbury Earthquake. | 1,750 | 200 | 1,950 |
Depreciation on Auckland's Queens Wharf (M25)This appropriation is limited to depreciation expenses associated with Auckland's Queens Wharf. | 2,000 | - | 2,000 |
Depreciation on the temporary Rugby World Cup showcase and festival building on Auckland's Queens Wharf (M25)This appropriation is limited to depreciation expenses associated with the temporary Rugby World Cup showcase and festival building on Auckland's Queens Wharf. | 4,900 | - | 4,900 |
Establishment and operation of the Food Innovation Network New Zealand (M25)This appropriation is limited to the establishment and operation of the Food Innovation Network New Zealand. | 5,360 | 1,087 | 6,447 |
Film New Zealand (M25)Operation of an independent structure for Film NZ, development of a marketing plan for the film sector and coordination of regional film offices. | 833 | 300 | 1,133 |
International Growth Fund (M25)This appropriation is limited to support for high growth firms to undertake additional market development and business capability activities required for growth in new markets, that deliver benefits for both the firm and the wider New Zealand economy. | 30,027 | (4,193) | 25,834 |
Large Budget Screen Production Fund (M25)Assistance to film and television productions that spend over $15 million in New Zealand. | 106,660 | - | 106,660 |
Major Events Development Fund (M25)Support for major events that provide economic, social, cultural and international profiling benefits to New Zealand. | 14,000 | 4,331 | 18,331 |
Management Development Fund (M25)Assistance to address the management capability gap in New Zealand, through the commissioning of research, stimulation of business interest and supply of management development services. | 1,356 | (1,133) | 223 |
Promotion of New Zealand Associated with the America's Cup (M25)This appropriation is limited to meeting costs associated with the proposed sponsorship of Team New Zealand's participation in the next multi-challenger America's Cup. | 19,750 | - | 19,750 |
Regional and Industry Development Fund (M25)This appropriation is limited to the provision of funding to support industry and regional specific projects that are intended to contribute to economic growth. | 3,900 | - | 3,900 |
Regional Partnerships and Facilitation (M25)Provision of advice and grants to support the development of business incubators and regional clusters, and to support regional partnerships to develop and implement sustainable economic growth strategies. | 8,142 | (3,586) | 4,556 |
Rugby World Cup Free-to-Air Broadcasting Right (M25)This appropriation is limited to meeting the government contribution to the joint bid by the Maori Television Service, Television New Zealand and Mediaworks for the Rugby World Cup free-to-air broadcasting right. | 960 | - | 960 |
Sector Strategies and Facilitation (M25)Assistance with the facilitation of specific sector initiatives, particularly in the areas of major events, pre-feasibility and feasibility studies and guarantees for significant projects to access funding through other government programmes and cash grants. | 1,204 | - | 1,204 |
Square Kilometre Array (M25)This appropriation is limited to supporting New Zealand's contribution to the joint bid with Australia to host the Square Kilometre Array. | 1,950 | (1,086) | 864 |
Total Non-Departmental Other Expenses | 202,792 | (4,080) | 198,712 |
Departmental Capital Expenditure | |||
Ministry of Economic Development - Capital Expenditure PLA (M25)This appropriation is limited to the purchase or development of assets by and for the use of the Ministry of Economic Development, as authorised by section 24(1) of the Public Finance Act 1989. | 14,788 | 2,462 | 17,250 |
Total Departmental Capital Expenditure | 14,788 | 2,462 | 17,250 |
Non-Departmental Capital Expenditure | |||
New Zealand Trade and Enterprise (M25)To increase NZTE's in-market assistance for New Zealand firms in China, India and Japan. | 3,619 | - | 3,619 |
Seed Co-investment Fund (M25)Support the development of the market for early stage equity finance. | 7,320 | 13,510 | 20,830 |
Temporary Rugby World Cup showcase and festival building on Auckland's Queens Wharf (M25)This appropriation is limited to the construction and removal of a temporary Rugby World Cup showcase and festival building on Auckland's Queens Wharf. | 1,800 | - | 1,800 |
Venture Investment Fund (M25)Capital Investment to accelerate the development of the New Zealand Venture Capital Market. Public funds will be co-invested with the private sector to increase the rate of formation of new businesses based on high added value goods and services. | 12,020 | 4,493 | 16,513 |
Total Non-Departmental Capital Expenditure | 24,759 | 18,003 | 42,762 |
Total Annual and Permanent Appropriations | 421,496 | 20,982 | 442,478 |
