Formats and related files
APPROPRIATION MINISTER(S): Minister for Tertiary Education, Skills and Employment (M14), Minister for Economic Development (M25), Minister for Small Business (M62)
APPROPRIATION ADMINISTRATOR: Ministry of Business, Innovation and Employment
RESPONSIBLE MINISTER FOR MINISTRY OF BUSINESS, INNOVATION AND EMPLOYMENT: Minister for Economic Development
Summary of the Vote#
Overview#
The Minister for Economic Development is responsible for appropriations in the Vote for the 2014/15 financial year covering the following:
- a total of just over $20 million for co-ordination of the departmental response to the Canterbury recovery, and improving and leading the public sector economic procurement reform programme
- a total of just under $44 million for departmental capital expenditure
- a total of just over $72 million for non-departmental other and MYA expenditure
- a total of just over $10 million for non-departmental MYA capital expenditure, and
- a total of just under $218 million for multi-category expenses and capital expenditure.
The Minister for Tertiary Education, Skills and Employment is responsible for appropriations in the Vote for the 2014/15 financial year covering the following:
- a total of just under $3 million for provision of employment sector information including facilitiation services
- a total of just over $2 million for non-departmental output expenditure.
Details of these appropriations are set out in Parts 2-4.
Estimates of Appropriations#
Details of Appropriations and Capital Injections#
Annual and Permanent Appropriations
2013/14 | 2014/15 | ||
---|---|---|---|
Titles and Scopes of Appropriations by Appropriation Type | Budgeted $000 | Estimated Actual $000 | Budget $000 |
Departmental Output Expenses | |||
Canterbury Recovery (M25)This appropriation is limited to the co-ordination, and management of MBIE's contribution to the Canterbury recovery. | - | - | 2,557 |
Employment Sector Analysis and Facilitation (M14)This appropriation is limited to the provision of employment information, facilitation and matching services, analysis of the functioning of the labour market, and of the economic performance of sectors and regions. | - | - | 2,894 |
Implementation of Improvements in Public Sector Procurement and Services to Business (M25)This appropriation is limited to improving and leading the public sector procurement reform programme and reducing the costs for and improving the service experience of businesses interacting with government. | - | - | 17,517 |
Enhancing Small Business Capability and Performance (M62)This appropriation is limited to development of operational policies to lift the capability and performance of Small to Medium Enterprises and services to support the Minister. | 221 | 221 | - |
Labour Market Information and Facilitation Services (M14)This appropriation is limited to the provision of information and regional and sector engagement on labour market effectiveness and employment. | 3,190 | 3,190 | - |
Policy Advice - Sectoral Leadership and Development, Firm Capability, and Regional Development (M25)This appropriation is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to policy areas of 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. | 18,446 | 18,446 | - |
Policy Advice - Small Business (M62)This appropriation is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to areas of development, coordination and implementation of policies and programmes that affect Small to Medium Enterprises. | 1,425 | 1,425 | - |
Policy Advice and Related Outputs MCOA (M14) | 5,838 | 5,838 | - |
Labour Market Policy AdviceThis output class is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to the labour market and employment policy. | 5,033 | 5,033 | - |
Ministerial ServicesThis output class is limited to the provision of services to Ministers to enable them to discharge their portfolio (other than policy decision-making) responsibilities. | 805 | 805 | - |
Sectoral Leadership, Firm Capability, and Regional Development Operational Policy, Ministerial Servicing and Crown Entity Monitoring (M25)This appropriation is limited to development of operational policies to achieve short and long term economic growth and stability, services to support the Minister, monitoring the performance and compliance of Crown Entities, administering grants programmes, providing support for statutory bodies and improving and leading the public sector procurement practises. | 19,160 | 19,160 | - |
Total Departmental Output Expenses | 48,280 | 48,280 | 22,968 |
Departmental Capital Expenditure | |||
Ministry of Business, Innovation and Employment - Capital Expenditure PLA (M25)This appropriation is limited to the purchase or development of assets by and for the use of the Ministry of Business, Innovation and Employment, as authorised by section 24(1) of the Public Finance Act 1989. | 67,743 | 67,743 | 43,772 |
Total Departmental Capital Expenditure | 67,743 | 67,743 | 43,772 |
Non-Departmental Output Expenses | |||
Maori and Pasifika Trades Training Consortia (M14)This appropriation is limited to funding Maori and Pasifika Trades Training consortia to provide project management, co-ordination and evaluation. | - | - | 2,319 |
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. | 104,630 | 104,630 | - |
Investment Fund Management (M25)Operational costs of the Venture Investment and Seed Co-investment Funds. | 2,330 | 2,330 | - |
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. | 13,444 | 13,444 | - |
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. | 31,867 | 31,867 | - |
Total Non-Departmental Output Expenses | 152,271 | 152,271 | 2,319 |
Non-Departmental Other Expenses | |||
Depreciation on Auckland's Queens Wharf (M25)This appropriation is limited to depreciation expenses associated with Auckland's Queens Wharf. | 2,000 | 2,000 | 2,000 |
Film New Zealand (M25)This appropriation is limited to the operation of an independent structure for Film New Zealand, developing a marketing plan for the film sector and coordination of regional film offices. | 1,300 | 1,300 | 1,300 |
Major Events Development Fund (M25)This appropriation is limited to support for major events that provide economic, social, cultural and international profiling benefits to New Zealand. | 13,983 | 8,183 | 10,000 |
Management Development Fund (M25)This appropriation is limited to 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. | 756 | 756 | 756 |
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. | 1,300 | 1,300 | 400 |
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. | 1,506 | - | - |
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. | 15,727 | 15,727 | - |
Large Budget Screen Production Fund (M25)This appropriation is limited to assistance to film and television productions that spend over $15 million in New Zealand. | 50,556 | 40,556 | - |
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. | 5,000 | 5,000 | - |
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. | 4,556 | 4,556 | - |
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 engagement on the Square Kilometre Array project in collaboration with Australia. | 1,352 | 1,352 | - |
Total Non-Departmental Other Expenses | 99,240 | 81,934 | 14,456 |
Non-Departmental Capital Expenditure | |||
Seed Co-investment Fund (M25)Support the development of the market for early stage equity finance. | 7,250 | 7,250 | - |
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. | 15,000 | 15,000 | - |
Total Non-Departmental Capital Expenditure | 22,250 | 22,250 | - |
Multi-Category Expenses and Capital Expenditure | |||
Policy Advice and Related Outputs MCA (M25)The single overarching purpose of this appropriation is to provide policy advice and other support to Ministers in discharging their policy decision-making and other portfolio responsibilities. | - | - | 24,239 |
Departmental Output Expenses | |||
Ministerial Services - EmploymentThis category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy-making), relating to Employment. | - | - | 1,504 |
Ministerial Services - Small BusinessThis category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy decision-making) relating to Small Business. | - | - | 217 |
Ministerial Services and Crown Entity Monitoring - Economic DevelopmentThis category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy decision-making) including monitoring of Crown Entities and Statutory Bodies, relating to Economic Development. | - | - | 5,135 |
Policy Advice - Economic DevelopmentThis category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to Economic Development. | - | - | 10,448 |
Policy Advice - EmploymentThis category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision making by Ministers on government policy matters relating to Employment. | - | - | 5,701 |
Policy Advice - Small BusinessThis category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to Small Business. | - | - | 1,234 |
Seed Co-Investment Fund MCA (M25)The single overarching purpose of this appropriation is to provide capital to support the development of markets for early stage equity finance and venture capital. | - | - | 7,580 |
Non-Departmental Output Expenses | |||
Investment Fund ManagementThis category is limited to operational Costs of the Venture and Seed Co-Investment Funds. | - | - | 2,330 |
Non-Departmental Capital Expenditure | |||
Seed Co-Investment FundThis category is limited to providing capital to support the development of the market for early stage equity finance. | - | - | 5,250 |
Support New Market Opportunities for High Growth New Zealand Firms and Sectors MCA (M25)The single overarching purpose of this appropriation is to provide support to high growth firms and sectors in securing new market opportunities. | - | - | 30,916 |
Non-Departmental Other Expenses | |||
International Growth FundThis category is limited to supporting 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. | - | - | 29,712 |
Sector Strategies and FacilitationThis category is limited to assistance with the facilitation of specific sector initiatives, particularly in 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 |
Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA (M25)The single overarching purpose of this appropriation is to provide support for the growth and development of New Zealand firms, sectors and regions to maximise international business opportunities. | - | - | 155,259 |
Non-Departmental Output Expenses | |||
International Business Growth ServicesThis category 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. | - | - | 111,006 |
Services to Support Sector Development and Special EventsThis category is limited to securing and capitalising on significant economic development opportunities for New Zealand, with a focus on sectors and special events. | - | - | 31,072 |
Services to Support the Growth and Development of New Zealand BusinessesThis category is limited to building and enhancing business and management capability through providing access to effective assessment, advice, training, mentoring and information. | - | - | 13,181 |
Total Multi-Category Expenses and Capital Expenditure | - | - | 217,994 |
Total Annual and Permanent Appropriations | 389,784 | 372,478 | 301,509 |
Multi-Year Appropriations
Type, Title, Scope and Period of Appropriations | Appropriation, Adjustments and Use | $000 |
---|---|---|
Non-Departmental Other Expenses | ||
New Zealand Screen Production Grant International (M25)This appropriation is limited to providing grant assistance to screen productions that are internationally focused and produced in New Zealand. Commences: 01 July 2014 Expires: 30 June 2019 | Original Appropriation | 252,780 |
Adjustments for 2012/13 | - | |
Adjustments to 2013/14 | - | |
Adjusted Appropriation | 252,780 | |
Actual to 2012/13 Year End | - | |
Estimated Actual for 2013/14 | - | |
Estimated Actual for 2014/15 | 57,650 | |
Estimated Appropriation Remaining | 195,130 | |
Non-Departmental Capital Expenditure | ||
Venture Investment Fund (M25)This appropriation is limited to capital Investment to NZVIF to accelerate the development of the New Zealand Venture Capital Market. Commences: 01 July 2014 Expires: 30 June 2018 | Original Appropriation | 37,453 |
Adjustments for 2012/13 | - | |
Adjustments to 2013/14 | - | |
Adjusted Appropriation | 37,453 | |
Actual to 2012/13 Year End | - | |
Estimated Actual for 2013/14 | - | |
Estimated Actual for 2014/15 | 10,378 | |
Estimated Appropriation Remaining | 27,075 |
Capital Injection Authorisations
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Ministry of Business, Innovation and Employment - Capital Injection (M25) | 45,416 | 45,416 | 49,045 |
Supporting Information#
Part 1 - Vote as a Whole#
1.1 - New Policy Initiatives
Policy Initiative | Appropriation | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Better Public Services Seed Funding - Banking Services Category | Policy Advice - Sectoral Leadership and Development, Firm Capability, and Regional Development | 587 | - | - | - | |
Better Public Services Seed Funding - Result 9 | Policy Advice - Sectoral Leadership and Development, Firm Capability, and Regional Development | 4,000 | 4,000 | - | - | - |
Sports NZ for the 2015 ICC Cricket World Cup | Major Events Development Fund | (5,000) | - | - | - | - |
Development West Coast | Regional and Industry Development Fund | 500 | - | - | - | - |
NZ Screen Production Grant | New Zealand Screen Production Grant - International MYA | - | 57,650 | 86,800 | 50,556 | 57,774 |
Large Budget Screen Production Grant | - | (50,556) | (50,556) | (50,556) | (50,556) | |
Canterbury Recovery Response | Canterbury Recovery | - | 2,557 | 2,557 | - | - |
Government-to-Government Partnerships Office | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - Services to Support Sector Development and Special Events | - | 1,000 | - | - | - |
Interim Investment in Team New Zealand | Promotion of New Zealand's Association with the America's Cup | 5,000 | - | - | - | - |
Square Kilometre Array transfer to Vote Science and Innovation | Square Kilometre Array | (109) | (977) | - | - | - |
Saudi Agrihub Partnership | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - International Business Growth Services | 3,050 | 2,700 | - | - | - |
Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - Services to Support Sector Development and Special Events | (750) | - | - | - | - | |
Saudi Agrihub Partnership - MFAT Contribution | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - International Business Growth Services | - | 1,500 | - | - | - |
Financial Markets Conduct Act 2013 funding for Registers | Ministry of Business, Innovation and Employment - Capital Injection | 1,568 | ||||
Savings due to the formation of the new Ministry | Employment Sector Analysis and Facilitation | - | (58) | (58) | (58) | (58) |
Implementation of Improvements in Public Sector Procurement and Services to Business | - | (298) | (298) | (298) | (298) | |
Policy Advice and Related Outputs MCA - Ministerial Services - Employment | - | (21) | (21) | (21) | (21) | |
Policy Advice and Related Outputs MCA - Ministerial Services - Small Business | - | (4) | (4) | (4) | (4) | |
Policy Advice and Related Outputs MCA - Policy Advice - Economic Development | - | (248) | (248) | (248) | (248) | |
Policy Advice and Related Outputs MCA - Policy Advice - Employment | - | (113) | (113) | (113) | (113) | |
Policy Advice and Related Outputs MCA - Policy Advice - Small Business | - | (31) | (31) | (31) | (31) | |
New Zealand Trade and Enterprise | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - International Business Growth Services | - | 7,000 | 14,400 | 14,400 | 14,400 |
Support the Growth and Development of New Zealand Firms, Sectors and Regions MCA - Services to Support Sector Development and Special Events | - | 3,000 | 5,400 | 5,400 | 4,000 | |
Support New Market Opportunities for High Growth New Zealand Firms and Sectors MCA - International Growth Fund | (12,800) | - | - | - | - | |
Maori and Pacifika Trades Training Consortia | Maori and Pacifika Trades Training Consortia | - | 2,319 | 2,318 | 2,318 | 1,985 |
Replacement of Refugee Resettlement Facilities | Ministry of Business, Innovation and Employment - Capital Injection | - | 9,000 | - | - | - |
Establishment of the New Zealand Venture Investment Fund MYA | New Zealand Venture Investment Fund MYA | - | 10,378 | 10,518 | 8,278 | 8,279 |
Venture Investment Fund | - | (10,378) | (10,518) | (8,278) | (8,279) | |
Reprioritisation of Venture Investment Fund | Venture Investment Fund | 4,481 | - | - | (2,240) | (2,241) |
Reprioritisation of International Growth Fund | International Growth Fund | - | (315) | (700) | - | - |
Reprioritisation of Seed Co-Investment Fund | Seed Co-Investment Fund | 1,000 | (1,000) | - | - | - |
Total Initiatives | 1,527 | 37,105 | 59,446 | 19,105 | 24,589 |
1.2 - Trends in the Vote#
Summary of Financial Activity#
2009/10 | 2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual $000 | Actual $000 | Actual $000 | Actual $000 | Budgeted $000 | Estimated Actual $000 | Departmental Transactions Budget $000 | Non- Departmental Transactions Budget $000 | Total Budget $000 | Estimated $000 | Estimated $000 | Estimated $000 | |
Appropriations | ||||||||||||
Output Expenses | 70,912 | 81,544 | 3,515 | 2,748 | 3,190 | 3,190 | 22,968 | 2,319 | 25,287 | 15,182 | 11,995 | 11,662 |
Benefits or Related Expenses | - | - | - | - | - | - | N/A | - | - | - | - | - |
Borrowing Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
Other Expenses | 149,398 | 165,851 | 146,096 | 66,331 | 82,309 | 64,913 | - | 72,106 | 72,106 | 100,856 | 63,612 | 70,830 |
Capital Expenditure | 29,603 | 7,254 | 9,907 | 47,003 | 70,073 | 70,073 | 43,772 | 10,378 | 54,150 | 44,629 | 42,389 | 42,390 |
Intelligence and Security Department Expenses and Capital Expenditure | - | - | - | - | - | - | - | N/A | - | - | - | - |
Multi-Category Expenses and Capital Expenditure (MCA) | ||||||||||||
Output Expenses | 137,066 | 138,649 | 173,089 | 169,017 | 195,031 | 195,031 | 24,239 | 157,589 | 181,828 | 188,781 | 188,232 | 186,732 |
Other Expenses | 4,314 | 20,674 | 24,496 | 29,076 | 16,931 | 16,931 | - | 30,916 | 30,916 | 30,531 | 31,231 | 31,231 |
Capital Expenditure | 6,829 | 12,977 | 14,186 | 6,830 | 22,250 | 22,250 | N/A | 5,250 | 5,250 | - | - | - |
Total Appropriations | 398,122 | 426,949 | 371,289 | 321,005 | 389,784 | 372,388 | 90,979 | 278,558 | 369,537 | 379,979 | 337,459 | 342,845 |
Crown Revenue and Capital Receipts | ||||||||||||
Tax Revenue | - | - | - | - | - | - | N/A | - | - | - | - | - |
Non-Tax Revenue | - | - | - | - | - | - | N/A | - | - | - | - | - |
Capital Receipts | - | - | - | - | - | - | N/A | - | - | - | - | - |
Total Crown Revenue and Capital Receipts | - | - | - | - | - | - | N/A | - | - | - | - | - |
Note - where restructuring of the vote has occurred then, to the extent practicable, prior years information has been restated as if the restructuring had occurred before the beginning of the period covered.
Adjustments to the Summary of Financial Activity Table due to Vote Restructuring#
2009/10 Adjustments $000 | 2010/11 Adjustments $000 | 2011/12 Adjustments $000 | 2012/13 Adjustments $000 | 2013/14 Budgeted Adjustments $000 | 2013/14 Estimated Actual Adjustments $000 | |
---|---|---|---|---|---|---|
Appropriations | ||||||
Output Expenses | (137,066) | (138,649) | (173,089) | (169,.017) | (195,031) | (195,031) |
Benefits or Related Expenses | - | - | - | - | - | - |
Borrowing Expenses | - | - | - | - | - | - |
Other Expenses | (4,314) | (20,674) | (24,496) | (29,076) | (16,931) | (16,931) |
Capital Expenditure | (6,829) | (12,977) | (14,186) | (6,830) | (22,250) | (22,250) |
Intelligence and Security Department Expenses and Capital Expenditure | - | - | - | - | - | - |
Multi-Category Expenses and Capital Expenditure (MCA) | ||||||
Output Expenses | 137,066 | 138,649 | 173,089 | 169,017 | 195,031 | 195,031 |
Other Expenses | 4,314 | 20,674 | 24,496 | 29,076 | 16,931 | 16,931 |
Capital Expenditure | 6,829 | 12,977 | 14,186 | 6,830 | 22,250 | 22,250 |
Total Appropriations | - | - | - | - | - | - |
Crown Revenue and Capital Receipts | ||||||
Tax Revenue | - | - | - | - | - | - |
Non-Tax Revenue | - | - | - | - | - | - |
Capital Receipts | - | - | - | - | - | - |
Total Crown Revenue and Capital Receipts | - | - | - | - | - | - |
The prior year information in the Summary of Financial Activity table has been restated to reflect the current Vote structure.
1.3 - Analysis of Significant Trends#
Output Expenses
The following are the key initiatives that impact the trend:
- the one off funding in 2010/11 for the Stadium Development appropriation of $27.900 million, and
- the ceasing of funding at 30 June 2011 of the appropriations for Analysis and Development Services for Firms ($19.400 million), International Investment Facilitation Services ($13.600 million), Stadium Development ($27.900 million) and Standardised Training and Advisory Services ($10.900 million).
Non-Departmental Output Expenses
From 2009/10 to 2010/11 there was additional funding for participation at the 2010 Expo at Shanghai which was partially offset by savings from NZTE. From 2013/14 expenditure averages around $143 million.
Other Expenses
The following are the key initiatives that impact the trend:
- funding for Market Development Fund ($35.100 million) and Negotiation and Completion of the Stadium Projects ($34 million) finishing at 30 June 2010
- the phasing of the expenditure for the Large Budget Screen Production Fund (significant increase in 2010/11 of $70 million)
- the phasing of the expenditure for Major Events Development Fund (ranging from $5 million to $14 million)
- significant one off expenditure in 2010/11 for the Enterprise Development Fund ($13.700 million)
- significant one off expenditure in 2011/12 for the Promotion of NZ associated with the America's Cup ($16 million), and
- the finalisation of multi-year appropriations in 2011/12 for the Rugby World Cup and the Transformation Initiatives.
Capital Expenditure
The following are the key initiatives that impact the trend:
- investment of $20 million for the purchase of Queens wharf in Auckland in 2009/10
- the temporary Rugby World Cup festival building in 2010/11
- the investment in the intellectual property of NZ (IPONZ) capital project, and
- investment in other assets for the Ministry.
Multi-Category Output Expenses
The following are the key initiatives that impact the trend:
- funding in 2011/12 for the Managed funds domicile
- funding in 2011/12 for the Rugby World Cup
- the ceasing of funding for the Identification and Coordination of Market Opportunities ($79 million) and Regional and Sector Development Services ($27.600 million) at 30 June 2011, and
- the introduction of the following appropriations in 2011/12: International Business Growth Services ($100.900 million), Services to Develop Business Capability ($11.900 million) and Services to Support Sector Development and Special Events ($30.400 million).
Multi-Category Other Expenses
The trend here mainly reflects the phasing of the expenditure for the International Growth Fund appropriation.
Multi-Category Capital Expenditure
The trend here mainly reflects the funding profile for the non-departmental capital investment fund Seed Co-Investment Fund.
1.4 - Reconciliation of Changes in Appropriation Structure#
From 1 July 2014 the former Vote Economic Development and Vote Employment have been merged into Vote Economic Development and Employment.
The following table provides a detailed analysis of the appropriation restructure, which includes:
- one departmental output appropriation transferred from Vote Employment to Vote Economic Development and Employment with a change of name
- one departmental multi-class output appropriation transferred from Vote Employment to Vote Economic development and Employment to form part of the new departmental MCA, and
- one departmental output MCA, one non-departmental output MCA, one non-departmental other expense MCA and one mixed non-departmental output and capital expense MCA have been established.
The analysis of the restructure does not include any appropriations that have not changed in title and scope, neither does the table include the conversion to multi-year appropriations of a non-departmental other expense and a non-departmental capital expenditure respectively:
- Large Budget Screen Production Fund to New Zealand Screen Production Grant - International for the period 1 July 2014 to 30 June 2019, and
- Venture Investment Fund to Venture Investment Fund for the period 1 July 2014 to 30 June 2018.
Old Structure | New Structure | |||||
---|---|---|---|---|---|---|
2013/14 Appropriations in the 2013/14 Structure | 2013/14 (Current) $000 | Appropriations to which Expenses (or Capital Expenditure) have been Moved from or to | Amount Moved $000 | 2013/14 Appropriations in the 2014/15 Structure | 2013/14 (Restated) $000 | 2014/15 $000 |
Vote Employment | Vote Economic Development and Employment | |||||
Departmental Output Expenses | Departmental Output Expenses | |||||
Labour Market Information and Facilitation Services | 3,190 | Name change to: Employment Sector Analysis and Facilitation | 3,190 | Employment Sector Analysis and Facilitation | 3,190 | 2,894 |
Vote Economic Development | Transferred to | |||||
Departmental Output Expenses | Policy Advice and Related Outputs MCADepartmental Output Expenses | Policy Advice and Related Outputs MCADepartmental Output Expenses | ||||
Enhancing Small Business Capability and Performance | 221 | Ministerial Services - Small Business | 221 | Ministerial Services - Small Business | 221 | 217 |
Policy Advice - Small Business | 1,425 | Policy Advice - Small Business | 1,425 | Policy Advice - Small Business | 1,425 | 1,234 |
Policy Advice - Sectoral Leadership and Development, Firm Capability, and Regional Development | 18,446 | Policy Advice - Economic Development | 11,327 | Policy Advice - Economic Development | 11,327 | 10,448 |
Ministerial Services and Crown Entity Monitoring- Economic Development | 5,865 | 5,135 | ||||
Implementation of Improvements in Public Sector Procurements and Services to Business | 7,119 | |||||
Vote Economic Development | Transferred to | |||||
Departmental Output ExpensesPolicy Advice and Related Outputs MCOA | Policy Advice and Related Outputs MCADepartmental Output Expenses | |||||
Ministerial Services | 805 | Ministerial Services - Employment | 805 | Ministerial Services - Employment | 805 | 1,504 |
Labour Market Policy Advice | 5,033 | Policy Advice - Employment | 5,033 | Policy Advice - Employment | 5,033 | 5,701 |
Vote Economic Development | Transferred to | |||||
Departmental Output Expenses | Departmental Output Expenses | |||||
Sectoral Leadership, Firm Capability, and Regional Development Operational Policy, Ministerial Servicing and Crown Entity Monitoring | 19,160 | Implementation of Improvements in Public Sector Procurements and Services to Business | 13,295 | Implementation of Improvements in Public Sector Procurements and Services to Business | 20,414 | 17,517 |
Policy Advice and Related Outputs MCADepartmental Output Expenses | ||||||
Ministerial Services and Crown Entity Monitoring- Economic Development | 5,865 | |||||
Multi-Category Appropriations | ||||||
Vote Economic Development | Transferred to | |||||
Non-Departmental Output Expense | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCANon-Departmental Output Expense | Support the Growth and Development of New Zealand Firms, Sectors and Regions MCANon-Departmental Output Expense | ||||
International Business Growth Services | 104,630 | International Business Growth Services | 104,630 | International Business Growth Services | 104,630 | 111,006 |
Services to Develop Business Capability | 13,444 | Services to Support the Growth and Development of New Zealand Businesses | 13,444 | Services to Support the Growth and Development of New Zealand Businesses | 13,444 | 13,181 |
Services to Support Sector Development and Special Events | 31,867 | Services to Support Sector Development and Special Events | 31,867 | Services to Support Sector Development and Special Events | 31,867 | 31,072 |
Vote Economic Development | Transferred to | |||||
Non-Departmental Other Expenses | Support New Market Opportunities for High Growth New Zealand Firms and Sectors MCANon-Departmental Other Expenses | Support New Market Opportunities for High Growth New Zealand Firms and Sectors MCANon-Departmental Other Expenses | ||||
International Growth Fund | 15,727 | International Growth Fund | 15,727 | International Growth Fund | 15,727 | 29,712 |
Sector Strategies and Facilitation | 1,204 | Sector Strategies and Facilitation | 1,204 | Sector Strategies and Facilitation | 1,204 | 1,204 |
Vote Economic Development | Transferred to | |||||
Non-Departmental Output Expense | Seed Co-Investment Fund MCANon-Departmental Output Expense | Seed Co-Investment Fund MCANon-Departmental Output Expense | ||||
Investment Fund Management | 2,330 | Investment Fund Management | 2,330 | Investment Fund Management | 2,330 | 2,330 |
Non-Departmental Capital Expenditure | Non-Departmental Capital Expenditure | Non-Departmental Capital Expenditure | ||||
Seed Co-Investment Fund | 7,250 | Seed Co-Investment Fund | 7,250 | Seed Co-Investment Fund | 7,250 | 5,250 |
Totals | $224,732 | $224,732 | $224,732 | $238,405 |
The above changes reflect the implementation and restructure of Multi-Class Output appropriations (MCOAs) to Multi-Category appropriations (MCAs) as per the Public Finance Act amendments, and Vote Rationalisation.
Explanations of the reasons for changing the appropriation structure are noted in the details of each appropriation in Parts 2-4.
Part 2 - Details of Departmental Appropriations#
2.1 - Departmental Output Expenses#
Canterbury Recovery (M25)
Scope of Appropriation
Expenses and Revenue
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 2,557 |
Revenue from the Crown | - | - | 2,557 |
Revenue from Others | - | - | - |
Comparators for Restructured Appropriation
2013/14 | 2014/15 | ||
---|---|---|---|
Vote, Type and Title of Appropriation | Budgeted $000 | Estimated Actual $000 | Budget $000 |
Vote Housing, Departmental Output Expense: Canterbury Earthquakes: Building and Housing Assistance | 2,557 | 2,557 | - |
Total | 2,557 | 2,557 | 2,557 |
What is Intended to be Achieved with this Appropriation
This appropriation is to coordinate the Ministry's contribution to the Canterbury recovery to contribute to productive and successful people, communities and regions.
How Performance will be Assessed and End of Year Reporting Requirements
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
The satisfaction of the Minister for Economic Development with the policy advice service, as per the common satisfaction survey. | New measure | New measure | Satisfied or very satisfied |
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Transfer of the appropriation from Vote Housing | 2014/15 | - | 2,557 | 2,557 | - | - |
Reasons for Change in Appropriation
This appropriation was established as a result of a transfer of the response co-ordination part from Vote Housing. Coordination response spans activity within a range of Votes within the Ministry and also supports its engagement with agencies on the policy areas for which it has a leadership role. This is better aligned with Vote Economic Development and Employment.
Employment Sector Analysis and Facilitation (M14)#
Scope of Appropriation#
Expenses and Revenue#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 2,894 |
Revenue from the Crown | - | - | 2,894 |
Revenue from Others | - | - | - |
Comparators for Restructured Appropriation#
2013/14 | 2014/15 | ||
---|---|---|---|
Vote, Type and Title of Appropriation | Budgeted $000 | Estimated Actual $000 | Budget $000 |
Vote Employment | |||
Departmental Output Expense | |||
Labour Market Information and Facilitation Services | 3,190 | 3,190 | - |
Total | 3,190 | 3,190 | 2,894 |
What is Intended to be Achieved with this Appropriation#
This appropriation is intended to contribute to skilled and safe workplaces; and productive and successful people, communities and regions.
How Performance will be Assessed and End of Year Reporting Requirements#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Labour market information (such as the Household Labour Force Survey and 'Jobs Online') is published on the Ministry's website within agreed timeframes. | New measure | New measure | 100% published within agreed timeframes |
Labour market scorecard reports are delivered quarterly within agreed timeframes. | New measure | New measure | 100% published within agreed timeframes |
End of Year Performance Reporting#
The performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Transfer of funding from Vote Employment to Vote Economic Development and Employment | 2014/15 | - | 5,271 | 5,273 | 5,328 | 4,995 |
Maori And Pasifika Trades Training | 2014/15 | - | (2,319) | (2,318) | (2,318) | (1,985) |
Reprioritisation Across Votes to Meet Cost Pressures | 2015/16 | - | - | (55) | - | - |
Maori and Pasifika Trades Training | 2013/14 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
Efficiency Savings | 2012/13 | (106) | (105) | (105) | (105) | (105) |
Vote Realignment to Reflect Changes to Cost Allocation and Reprioritisation | 2012/13 | (4,741) | (4,663) | (4,605) | (4,605) | (4,605) |
New Zealand Productivity Commission | 2010/11 | (150) | (150) | (150) | (150) | (150) |
Departmental Savings Budget 2009 Expenditure Review | 2009/10 | (1,538) | (1,538) | (1,538) | (1,538) | (1,538) |
Reasons for Change in Appropriation#
This appropriation was previously named "Labour Market Information and Facilitation Services" under Vote Employment. The revised name more fairly reflects the scope of appropriation.
Implementation of Improvements in Public Sector Procurement and Services to Business (M25)#
Scope of Appropriation#
Expenses and Revenue#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 17,517 |
Revenue from the Crown | - | - | 10,915 |
Revenue from Others | - | - | 6,602 |
Comparators for Restructured Appropriation#
2013/14 | 2014/15 | ||
---|---|---|---|
Vote, Type and Title of Appropriation | Budgeted $000 | Estimated Actual $000 | Budget $000 |
Vote Economic Development | |||
Departmental Output Expense | |||
Implementation of Improvements in Public Sector Procurement and Service to Business | |||
Policy Advice - Sectoral Leadership and Development, Firm Capability and Regional Development | 7,119 | 7,119 | - |
Sectoral Leadership, Firm Capability, and Regional Development Operational Policy, Ministerial Servicing and Crown Entity Monitoring | 13,295 | 13,295 | - |
Total | 20,414 | 20,414 | 17,517 |
What is Intended to be Achieved with this Appropriation#
This appropriation is to improve procurement and commercial practices across government and lead and co-ordinate programmes that will reduce business costs from dealing with government.
How Performance will be Assessed and End of Year Reporting Requirements#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Uptake of all-of-government contracts. | Updated measure | Updated measure | 80% for public service agencies within 12 months of contract establishment. Participation in all-of-government contracts by state sector agencies (excluding Boards of Trustees) to increase year on year. 75% of participating agencies satisfied or very satisfied. |
Meet the financial targets identified through the Government Procurement Reform agenda. | Updated measure | Updated measure | Agency savings $68.600 over financial year. All-of-Government Income $7.248m over financial year. |
Reduce business costs (using effort as proxy for costs) from dealing with government by 25% by 2017; government services to business have similar key performance ratings and leading private sector firms by 2017. | New measure | New measure | On-going to 30 June 2017. |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Establishment of the Appropriation | 2014/15 | - | 17,815 | 7,708 | 7,023 | 7,023 |
Savings as a result of MBIE formation | 2014/15 | - | (298) | (298) | (298) | (298) |
Reasons for Change in Appropriation#
This appropriation has been established from 1 July 2014.
Memorandum Account#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Government Procurement Reform Agenda | |||
Opening Balance at 1 July | (5,581) | (5,581) | (6,404) |
Revenue | 13,695 | 12,804 | 12,497 |
Expenses | (13,695) | (13,627) | (12,497) |
Transfers and Adjustments | - | - | - |
Closing Balance at 30 June | (5,581) | (6,404) | (6,404) |
2.3 - Departmental Capital Expenditure and Capital Injections#
Ministry of Business, Innovation and Employment - Capital Expenditure PLA (M25)#
Scope of Appropriation
Capital Expenditure
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Forests/Agricultural | - | - | - |
Land | - | - | - |
Property, Plant and Equipment | 17,829 | 17,829 | 17,914 |
Intangibles | 49,914 | 49,914 | 25,858 |
Other | - | - | - |
Total Appropriation | 67,743 | 67,743 | 43,772 |
What is Intended to be Achieved with this Appropriation
This appropriation is intended to provide funding for the Ministry of Business, Innovation and Employment's capital plan.
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Reasons for Change in Appropriation
The appropriation decreased by $23.971 million from 2013/14 to 2014/15. This is mainly due to the decrease in the funding profile for the Immigration Global Management System (IGMS).
Capital Injections and Movements in Departmental Net Assets
Ministry of Business, Innovation and Employment
Details of Net Asset Schedule | 2013/14 Estimated Actual $000 | 2014/15 Projected $000 | Explanation of Projected Movements in 2014/15 |
---|---|---|---|
Opening Balance | 144,459 | 179,888 | |
Capital Injections | 45,416 | 49,045 | The increase is mainly due to $24.700 million relating to the Refugee Resettlement Facilities which is partially offset by a decrease of $20.311 million for the Immigration Global Management Systems, and $1.600 million for the Government Procurement Agenda memorandum account. |
Capital Withdrawals | (6,923) | (6,323) | Government Procurement Reform Agenda memorandum account withdrawal of $5.600 million in 2013/14 and $4 million in 2014/15. This is offset by a $1 million withdrawal in 2013/14 and $2 million in 2014/15 for the Companies Office memorandum account. |
Surplus to be Retained (Deficit Incurred) | (3,064) | 3,065 | The surplus of $3.065 million consists of forecast surpluses, off-set by forecast losses, contributed by memorandum accounts. |
Other Movements | 13,716 | - | |
Closing Balance | 193,604 | 225,675 |
Part 3 - Details of Non-Departmental Appropriations#
3.1 - Non-Departmental Output Expenses#
Maori and Pasifika Trades Training Consortia (M14)
Scope of Appropriation
Expenses
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 2,319 |
Comparators for Restructured Appropriation
2013/14 | 2014/15 | ||
---|---|---|---|
Vote, Type and Title of Appropriation | Budgeted $000 | Estimated Actual $000 | Budget $000 |
Maori and Pasifika Trades Training Consortia | |||
Vote Employment, Departmental Output Expense: Labour Market Information and Facilitation Services | 1,000 | 1,000 | - |
Total | 1,000 | 1,000 | 2,319 |
What is Intended to be Achieved with this Appropriation
This appropriation is to provide funding to the Maori and Pasifika Trades Training consortia, contributing to productive and successful people, communities and regions.
How Performance will be Assessed and End of Year Reporting Requirements
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Percentage of applications are assessed against eligibility and assessment criteria within agreed timeframes. | New measure | New measure | 100% |
Percentage of contracts assessed to achieve their objectives and critical steps. | New measure | New measure | 100% |
Maturing contracts assessed against contract outputs. | New measure | New measure | 100% |
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Minister for Tertiary Education, Skills and Employment in a report appended to the Ministry of Business, Innovation and Employment's annual report.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Establishment of the Appropriation | 2014/15 | - | 2,319 | 2,318 | 2,318 | 1,985 |
Reasons for Change in Appropriation
This appropriation was transferred from departmental output expense to a non-departmental output expense. As the funding is largely paid to external providers, it is more appropriately included as a non-departmental appropriation.
3.4 - Non-Departmental Other Expenses#
Depreciation on Auckland's Queens Wharf (M25)#
Scope of Appropriation
Expenses
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | 2,000 | 2,000 | 2,000 |
What is Intended to be Achieved with this Appropriation
This appropriation provides the expenses incurred as part of the depreciation of Auckland's Queens Wharf.
How Performance will be Assessed and End of Year Reporting Requirements
An exemption was granted under s15D(2)(b)(ii) of Public Finance Act, as additional performance information is unlikely to be informative because this appropriation is solely for recognition of depreciation expenses.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Auckland's Queens Wharf Development | 2010/11 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
Film New Zealand (M25)#
Scope of Appropriation#
Expenses#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | 1,300 | 1,300 | 1,300 |
What is Intended to be Achieved with this Appropriation#
This appropriation is a grant to Film New Zealand to market, facilitate and coordinate access to New Zealand for screen production purposes, contributing to trusted, competitive and well-functioning markets; and improved international flows of people, ideas, investment and trade.
How Performance will be Assessed and End of Year Reporting Requirements#
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act as the amount of this annual appropriation for a non-departmental output expense is less than $5 million.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Film New Zealand from Square Kilometre Array | 2013/14 | 833 | 800 | 700 | - | - |
Film New Zealand from the Prime Ministers Emerging Priorities Fund | 2013/14 | 167 | 200 | 300 | - | - |
Major Events Development Fund (M25)#
Scope of Appropriation#
Expenses#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | 13,983 | 8,183 | 10,000 |
What is Intended to be Achieved with this Appropriation#
This appropriation is to support major events providing economic, social, cultural and international benefits for New Zealand. This contributes to productive and successful people, communities and regions; and improved international flows of people, ideas, investment and trade.
How Performance will be Assessed and End of Year Reporting Requirements#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Additional economic, social and cultural, and international exposure benefits are leveraged from new and existing major events. | Funding directed to 10 to 15 major events to achieve a portfolio of major events where 100% achieve additional net social, cultural or economic benefits | Funding directed to 10 to 15 major events to achieve a portfolio of major events where 100% achieve additional net social, cultural or economic benefits | Funding directed to 10 to 15 major events to achieve a portfolio of major events where 100% achieve additional net social, cultural or economic benefits |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Minister for Economic Development in a report appended to the Ministry of Business, Innovation and Employment's annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Transfer of 2012/13 Unspent Funds | 2013/14 | 8,983 | - | - | - | - |
2015 ICC Cricket World Cup transfer to Sports NZ | 2013/14 | (5,000) | - | - | - | - |
Increasing the Benefits to New Zealand from Major Events | 2010/11 | 6,679 | 6,679 | 6,679 | 6,679 | 6,679 |
Reasons for Change in Appropriation#
The decreased appropriation is a net movement of $3.983 million relating to one off transfers in 2013/14. There was an expense transfer of $8.983 million from 2012/13 to 2013/14 offset by a payment of $5 million to Sports NZ to support the 2015 ICC Cricket World Cup.
Management Development Fund (M25)#
Scope of Appropriation#
Expenses#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | 756 | 756 | 756 |
What is Intended to be Achieved with this Appropriation#
This appropriation is intended to increase management capability in New Zealand, contributing to business capability and higher levels of innovation; and productive and successful people, communities and regions.
How Performance will be Assessed and End of Year Reporting Requirements#
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act as the amount of this annual appropriation for a non-departmental output expense is less than $5 million.
New Zealand Screen Production Grant - International (M25)#
Scope of Appropriation and Expenses#
Type, Title, Scope and Period of Appropriations | Appropriations, Adjustments and Use | $000 |
---|---|---|
New Zealand Screen Production Grant - International (M25)This appropriation is limited to providing grant assistance to screen productions that are internationally focused and produced in New Zealand.Commences: 01 July 2014 Expires: 30 June 2019 | Original Appropriation | 252,780 |
Adjustments to 2012/13 | - | |
Adjustments for 2013/14 | - | |
Adjusted Appropriation | 252,780 | |
Actual to 2012/13 Year End | - | |
Estimated Actual for 2013/14 | - | |
Estimated Actual for 2014/15 | 57,650 | |
Estimated Appropriation Remaining | 195,130 |
What is Intended to be Achieved with this Appropriation#
This appropriation provides grant assistance to incentivise screen productions that are internationally focussed and produced in New Zealand, contributing to trusted, competitive and well-functioning market; and improved international flow of people, ideas and investment and trade.
How Performance will be Assessed and End of Year Reporting Requirements#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
International and domestic large scale film productions located in New Zealand. | New measure | New measure | At least 4 large scale productions located in New Zealand |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Minister for Economic Development in a report appended to the Ministry of Business, Innovation and Employment's annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Establishment of the MYA | 2014/15 | - | 57,650 | 86,800 | 50,556 | 57,774 |
Reasons for Change in Appropriation#
This appropriation was established from 1 July 2014 to improve the development and resilience of the screen sector.
Regional and Industry Development Fund (M25)#
Scope of Appropriation#
Expenses#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | 1,300 | 1,300 | 400 |
What is Intended to be Achieved with this Appropriation#
This appropriation is a grant to KEA New Zealand and is intended to increase economic growth of New Zealand through providing global connections through its network of members. This contributes to improved business capability and higher levels of innovation; and improved international flows of people, ideas, investment and trade.
How Performance will be Assessed and End of Year Reporting Requirements#
An exemption was granted under s15D(2)(b)(iii) of the Public Finance Act as the amount of this annual appropriation for a non-departmental output expense is less than $5 million.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Funding Arrangement with Development West Coast | 2013/14 | 500 | - | - | - | - |
Funding for Kiwi Expats Association | 2012/13 | 800 | 400 | - | - | - |
Reasons for Change in Appropriation#
The decreased appropriation is a result of a one-off transfer in 2013/14 for the Development West Coast project and the decrease in the funding profile for the Kiwi Expatriates Association.
3.5 - Non-Departmental Capital Expenditure#
Venture Investment Fund (M25)#
Scope of Appropriation and Expenses
Type, Title, Scope and Period of Appropriations | Appropriations, Adjustments and Use | $000 |
---|---|---|
Venture Investment Fund (M25)This appropriation is limited to capital Investment to NZVIF to accelerate the development of the New Zealand Venture Capital Market.Commences: 01 July 2014 Expires: 30 June 2018 | Original Appropriation | 37,453 |
Adjustments to 2012/13 | - | |
Adjustments for 2013/14 | - | |
Adjusted Appropriation | 37,453 | |
Actual to 2012/13 Year End | - | |
Estimated Actual for 2013/14 | - | |
Estimated Actual for 2014/15 | 10,378 | |
Estimated Appropriation Remaining | 27,075 |
What is Intended to be Achieved with this Appropriation
This category is intended to provide funds to be co-invested with the private sector to address the capital market gap for emerging high growth New Zealand companies that require new risk capital for growth.
How Performance will be Assessed and End of Year Reporting Requirements
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Selection of Venture Capital Fund Managers - Selection methodology and due diligence to select investment managers; investment charters and governance processes conform to industry standard practice. | New measure | New measure | Standard practices are followed |
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Minister for Economic Development in a report appended to the Ministry of Business, Innovation and Employment's annual report.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
The establishment of the New Zealand Venture Investment Fund MYA from an annual appropriation | 2014/15 | - | 10,378 | 10,518 | 8,278 | 8,279 |
Reasons for Change in Appropriation
This appropriation was established in 2013/14 to commence 1 July 2014 ending 30 June 2018.
Part 4 - Details of Multi-Category Expenses and Capital Expenditure#
Multi-Category Expenses and Capital Expenditure#
Policy Advice and Related Outputs (M25)
Overarching Purpose Statement
Scope of Appropriation
Departmental Output Expenses
Ministerial Services - EmploymentThis category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy-making), relating to Employment.
Ministerial Services - Small Business
This category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy decision-making) relating to Small Business.
Ministerial Services and Crown Entity Monitoring - Economic Development
This category is limited to the provision of services to Ministers to enable them to discharge their portfolio responsibilities (other than policy decision-making) including monitoring of Crown Entities and Statutory Bodies, relating to Economic Development.
Policy Advice - Economic Development
This category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to Economic Development.
Policy Advice - Employment
This category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision making by Ministers on government policy matters relating to Employment.
Policy Advice - Small Business
This category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to Small Business.
Expenses, Revenue and Capital Expenditure
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 24,239 |
Departmental Output Expenses | |||
Ministerial Services - Employment | - | - | 1,504 |
Ministerial Services - Small Business | - | - | 217 |
Ministerial Services and Crown Entity Monitoring - Economic Development | - | - | 5,135 |
Policy Advice - Economic Development | - | - | 10,448 |
Policy Advice - Employment | - | - | 5,701 |
Policy Advice - Small Business | - | - | 1,234 |
Funding for Departmental Output Expenses | |||
Revenue from the Crown | - | - | 17,589 |
Ministerial Services - Employment | - | - | 1,504 |
Ministerial Services - Small Business | - | - | 217 |
Ministerial Services and Crown Entity Monitoring - Economic Development | - | - | 4,385 |
Policy Advice - Economic Development | - | - | 4,548 |
Policy Advice - Employment | - | - | 5,701 |
Policy Advice - Small Business | - | - | 1,234 |
Revenue from Others | - | - | 6,650 |
Ministerial Services - Employment | - | - | - |
Ministerial Services - Small Business | - | - | - |
Ministerial Services and Crown Entity Monitoring - Economic Development | - | - | 750 |
Policy Advice - Economic Development | - | - | 5,900 |
Policy Advice - Employment | - | - | - |
Policy Advice - Small Business | - | - | - |
Comparators for Restructured Appropriation
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Departmental | |||
Policy Advice and Related Outputs | |||
Ministerial Services - Employment | 805 | 805 | 1,504 |
Ministerial Services - Small Business | 221 | 221 | 217 |
Ministerial Services and Crown Entity Monitoring - Economic Development | 5,865 | 5,865 | 5,135 |
Policy Advice - Economic Development | 11,327 | 11,327 | 10,448 |
Policy Advice - Employment | 5,033 | 5,033 | 5,701 |
Policy Advice - Small Business | 1,425 | 1,425 | 1,234 |
Total | 24,676 | 24,676 | 24,239 |
What is Intended to be Achieved with this Appropriation
This appropriation is to provide effective and efficient ministerial services and policy advice of high quality contributing to trusted, competitive and well-functioning markets; improved business capability and higher levels of innovation; and productive and successful people, communities and regions.
How Performance will be Assessed for this Appropriation
The performance for this appropriation will be assessed following the performance measures specified in the each category below.
What is Intended to be Achieved with each Category and How Performance will be Assessed
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Policy Advice and Related Outputs | |||
Departmental Output Expenses | |||
Ministerial Services - Employment | |||
This category is intended to achieve effective and efficient ministerial services. | |||
Responses to Parliamentary Questions, ministerial correspondence and ministerial Official Information Act 1982 requests are to be completed within either specified or statutory timeframes. | 95% or above | 95% or above | 95% or above |
Ministerial Services - Small Business | |||
This category is intended to achieve effective and efficient ministerial services. | |||
Responses to Parliamentary Questions, ministerial correspondence and ministerial Official Information Act 1982 requests are to be completed within either specified or statutory timeframes. | 95% or above | 95% or above | 95% or above |
Ministerial Services and Crown Entity Monitoring - Economic Development | |||
This category is intended to achieve effective and efficient ministerial services. | |||
Responses to Parliamentary Questions, ministerial correspondence and ministerial Official Information Act 1982 requests are to be completed within either specified or statutory timeframes. | 95% or above | 95% or above | 95% or above |
Ministers receive advice on entities Statement of Intents, Annual Report and Quarterly Reports, within two weeks of receipt. | New measure | New measure | 100% |
Policy Advice - Economic Development | |||
This category is intended to achieve policy advice of high technical quality relating to economic development. | |||
The satisfaction of the Minister for Economic Development with the policy advice service, as per the common satisfaction survey. | At least 70% | At least 70% | At least 70% |
Technical quality of policy advice papers assessed by a survey with a methodological robustness of 80%. | At least an average of 73% | At least an average of 73% | At least an average of 73% |
The total cost per hour of producing outputs. | At most $155 | At most $155 | At most $155 |
Policy Advice - Employment | |||
This category is intended to achieve policy advice of high technical quality relating to employment. | |||
The satisfaction of the Minister for Tertiary Education, Skills and Employment with the policy advice service, as per the common satisfaction survey. | At least 70% | At least 70% | At least 70% |
Technical quality of policy advice papers assessed by a survey with a methodological robustness of 80%. | At least an average of 73% | At least an average of 73% | At least an average of 73% |
The total cost per hour of producing outputs. | At most $155 | At most $155 | At most $155 |
Policy Advice - Small Business | |||
This category is intended to achieve policy advice of high technical quality relating to small business. | |||
The satisfaction of the Minister for Small Business with the policy advice service, as per the common satisfaction survey. | At least 70% | At least 70% | At least 70% |
Technical quality of policy advice papers assessed by a survey with a methodological robustness of 80%. | At least an average of 73% | At least an average of 73% | At least an average of 73% |
The total cost per hour of producing outputs. | At most $155 | At most $155 | At most $155 |
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Ministerial Services - Employment | ||||||
Transfer from Vote Employment to Vote Economic Development and Employment | 2014/15 | - | 1,525 | 1,525 | 1,525 | 1,525 |
Savings as a result of MBIE formation | 2014/15 | - | (21) | (21) | (21) | (21) |
Vote Alignment | 2013/14 | (950) | - | - | - | - |
Reprioritisation of Funding to Reflect Increased Focus on Policy and Research Services in Vote Employment | 2012/13 | 420 | 420 | 420 | 420 | 420 |
Ministerial Services - Small Business | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 221 | 221 | 221 | 221 |
Savings as a result of MBIE formation | 2014/15 | - | (4) | (4) | (4) | (4) |
Efficiency Dividend | 2012/13 | (3) | (3) | (3) | (3) | (3) |
Ministerial Services and Crown Entity Monitoring - Economic Development | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 4,385 | 4,325 | 3,940 | 3,940 |
Reprioritisation for Convention Centre | 2012/13 | 362 | 217 | - | - | - |
Efficiency Dividend | 2012/13 | (105) | (105) | (105) | (105) | (105) |
Policy Advice - Economic Development | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 21,446 | 16,996 | 16,796 | 16,696 |
Savings as a result of MBIE formation | 2014/15 | - | (248) | (248) | (248) | (248) |
Vote Alignment | 2013/14 | (3,500) | - | - | - | - |
Efficiency Dividend | 2012/13 | (105) | (105) | (105) | (105) | (105) |
Policy Advice - Employment | ||||||
Transfer from Vote Employment to Vote Economic Development and Employment | 2014/15 | - | 5,814 | 4,270 | 4,306 | 4,306 |
Savings as a result of MBIE formation | 2014/15 | - | (113) | (113) | (113) | (113) |
Vote Alignment | 2013/14 | (1,500) | - | - | - | - |
Policy Advice - Small Business | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 1,265 | 1,265 | 1,265 | 1,265 |
Savings as a result of MBIE formation | 2014/15 | - | (31) | (31) | (31) | (31) |
Vote Alignment | 2013/14 | 160 | - | - | - | - |
Efficiency Dividend | 2012/13 | (17) | (17) | (17) | (17) | (17) |
Reasons for Change in Appropriation
These appropriations have been established through the changes to the Public Finance Act.
Seed Co-Investment Fund (M25)#
Overarching Purpose Statement#
Scope of Appropriation#
Non-Departmental Output Expenses
Investment Fund ManagementThis category is limited to operational Costs of the Venture and Seed Co-Investment Funds.
Non-Departmental Capital Expenditure
Seed Co-Investment FundThis category is limited to providing capital to support the development of the market for early stage equity finance.
Expenses, Revenue and Capital Expenditure#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 7,580 |
Non-Departmental Output Expenses | |||
Investment Fund Management | - | - | 2,330 |
Non-Departmental Capital Expenditure | |||
Seed Co-Investment Fund | - | - | 5,250 |
Comparators for Restructured Appropriation#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Non-Departmental | |||
Investment Fund Management | 2,330 | 2,330 | 2,330 |
Seed Co-Investment Fund | 7,250 | 7,250 | 5,250 |
Total | 9,580 | 9,580 | 7,580 |
What is Intended to be Achieved with this Appropriation#
This appropriation is intended to address the capital market gap and to provide funds to be co-invested with the private sector for emerging high growth New Zealand companies that require new risk capital for growth.
How Performance will be Assessed for this Appropriation#
The performance for this appropriation will be assessed following the performance measures specified in the each category below.
What is Intended to be Achieved with each Category and How Performance will be Assessed#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Venture Investment Fund and Seed Co-Investment Fund | |||
Non-Departmental Output Expenses | |||
Investment Fund Management | |||
This category is intended to address the capital market gap for emerging high growth New Zealand companies that require new risk capital for growth. | |||
Manage the Venture Investment Fund and the Seed Co-Investment Fund - fund management conforms to industry standard practice for venture capital "fund of funds" and angel co-investment portfolio. | Standard practices are followed | Standard practices are followed | Standard practices are followed |
Monitor the performance and results achieved by the seed fund managers and the angel networks. | 100% adherence with agreed performance measures. Compliance monitoring as specified in the Output Agreement | 100% adherence with agreed performance measures. Compliance monitoring as specified in the Output Agreement | 100% adherence with agreed performance measures. Compliance monitoring as specified in the Output Agreement |
Provision of advice to the Minister as required will be delivered within 15 working days of the formal request, unless otherwise agreed, and will be of a standard acceptable to the Minister. | 100% within agreed timelines | 100% within agreed timelines | 100% within agreed timelines |
Non-Departmental Capital Expenditure | |||
Seed Co-Investment Fund | |||
This category is intended to provide funds to be co-invested with the private sector to address the capital market gap for emerging high growth New Zealand companies that require new risk capital for growth. | |||
Support the market with early stage equity finance. | 100% | 100% | 100% |
Selection of Seed Co-Investment Fund partners - selection methodology and due diligence to select investment managers; investment charters and governance processes conform to industry standard practice. | Standard practices are followed | Standard practices are followed | Standard practices are followed |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
Seed Co-Investment Fund | ||||||
Reprioritisation of Seed Co-Investment Fund | 2013/14 | 1,000 | (1,000) | - | - | - |
Reasons for Change in Appropriation#
These appropriations have been established through the changes to the Public Finance Act and Vote Rationalisation.
Support New Market Opportunities for High Growth New Zealand Firms and Sectors (M25)#
Overarching Purpose Statement#
Scope of Appropriation#
Non-Departmental Other Expenses
International Growth FundThis category is limited to supporting 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.
Sector Strategies and Facilitation
This category is limited to assistance with the facilitation of specific sector initiatives, particularly in areas of major events, pre-feasibility and feasibility studies and guarantees for significant projects to access funding through other government programmes and cash grants.
Expenses, Revenue and Capital Expenditure#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 30,916 |
Non-Departmental Other Expenses | |||
International Growth Fund | - | - | 29,712 |
Sector Strategies and Facilitation | - | - | 1,204 |
Comparators for Restructured Appropriation#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Non-Departmental Other Expenses | |||
Support New Market Opportunities for High Growth New Zealand Firms and Sectors | |||
International Growth Fund | 15,727 | 15,727 | 29,712 |
Sector Strategies and facilitation | 1,204 | 1,204 | 1,204 |
Total | 16,931 | 16,931 | 30,916 |
What is Intended to be Achieved with this Appropriation#
This appropriation is to support high growth firms to undertake additional market development and business activities and co-fund feasibility studies of investment cases required for growth in new markets that delivers benefits for the firm and the New Zealand economy.
How Performance will be Assessed for this Appropriation#
The performance for this appropriation will be assessed following the performance measures specified in the each category below.
What is Intended to be Achieved with each Category and How Performance will be Assessed#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Support New Market Opportunities for High Growth New Zealand Firms and Sectors | |||
Non-Departmental Other Expenses | |||
International Growth Fund | |||
This category is intended to support high growth firms to undertake additional market development and business capability activities required for growth in new markets, that delivers benefits for the firm and the NZ economy. | |||
Number of businesses receiving grants funding as part of a wider assistance package. | 60 (demand driven) | 60 (demand driven) | 60 (demand driven) |
Percentage of businesses that give their experience with the International Growth Fund a positive rating. | Exceeds 2012/13 result | Exceeds 2012/13 result | Meets or exceeds 2013/14 result |
Sector Strategies and Facilitation | |||
This appropriation is intended to co-fund feasibility studies which are used to develop and present the business case for investment in New Zealand. | |||
Number of Strategic Investment Fund grants awarded. | Up to 6 grants | Up to 6 grants | Up to 6 grants |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
International Growth Fund | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 30,027 | 30,027 | 30,027 | 30,027 |
Reprioritisation of Investment Growth Fund | 2014/15 | - | (315) | (700) | - | - |
New Zealand Trade and Enterprise | 2013/14 | (12,800) | - | - | - | - |
Transfer to International Business Growth Services to address the Whey Protein Concentrate Response | 2013/14 | (1,500) | - | - | - | - |
Sector Strategies and Facilitation | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 1,204 | 1,204 | 1,204 | 1,204 |
Reasons for Change in Appropriation#
These appropriations have been established through the changes to the Public Finance Act.
International Growth Fund
The increase from the appropriation that transferred to this classification is mainly due to a New Zealand Trade and Enterprise significant initiative. This covers calibration of the international footprint to meet rising costs and customer demand (especially China and Middle East) to increase the number of companies serviced from 500 to 700, deliver the Government to Government commercialisation initiative (up to $1.800 million) and maintenance of multi-company high impact programmes.
Support the Growth and Development of New Zealand Firms, Sectors and Regions (M25)#
Overarching Purpose Statement#
Scope of Appropriation#
Non-Departmental Output Expenses
International Business Growth ServicesThis category 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.
Services to Support Sector Development and Special Events
This category is limited to securing and capitalising on significant economic development opportunities for New Zealand, with a focus on sectors and special events.
Services to Support the Growth and Development of New Zealand Businesses
This category is limited to building and enhancing business and management capability through providing access to effective assessment, advice, training, mentoring and information.
Expenses, Revenue and Capital Expenditure#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Total Appropriation | - | - | 155,259 |
Non-Departmental Output Expenses | |||
International Business Growth Services | - | - | 111,006 |
Services to Support Sector Development and Special Events | - | - | 31,072 |
Services to Support the Growth and Development of New Zealand Businesses | - | - | 13,181 |
Comparators for Restructured Appropriation#
2013/14 | 2014/15 | ||
---|---|---|---|
Budgeted $000 | Estimated Actual $000 | Budget $000 | |
Non-Departmental | |||
Support the Growth and Development of New Zealand Firms, Sectors and Regions | |||
International Business Growth Services | 104,630 | 104,630 | 111,006 |
Services to Support Sector Development and Special Events | 31,867 | 31,867 | 31,072 |
Services to Support the Growth and Development of New Zealand Businesses | 13,444 | 13,444 | 13,181 |
Total | 149,941 | 149,941 | 155,259 |
What is Intended to be Achieved with this Appropriation#
This appropriation is intended to assist firms to develop and grow international business and exports; to develop business and management capability to improve individual firms; and to support key sector initiatives and special events that can provide significant economic benefit for New Zealand.
How Performance will be Assessed for this Appropriation#
The performance for this appropriation will be assessed following the performance measures specified in the each category below.
What is Intended to be Achieved with each Category and How Performance will be Assessed#
2013/14 | 2014/15 | ||
---|---|---|---|
Assessment of Performance | Budgeted Standard | Estimated Actual Standard | Budget Standard |
Support the Growth and Development of New Zealand Firms, Sectors and Regions | |||
Non-Departmental Output Expenses | |||
International Business Growth Services | |||
This category is intended to assist firms to develop and grow their international business and exports to generate economic benefits for New Zealand. | |||
Number of intensively account managed (F500) customers in NZTE's customer portfolio. | Updated measure | Updated measure | 525 - 575 |
Total number of customers in NZTE's customer portfolio (excluding those intensively managed). | 1,500-2,000 (demand driven) | 1,500-2,000 (demand driven) | 3000-3500 (demand driven) |
Percentage of intensively account managed (F500) customers that agree or strongly agree that NZTE has added value to their business. | Updated measure | Updated measure | Meets or exceeds 2013/14 result |
Percentage of NZTE customers that agree or strongly agree that NZTE has added value to their business (excluding those intensively account managed). | Exceeds 2012/13 result | Exceeds 2012/13 result | Exceeds 2013/14 result |
Total value of deals effected with NZTE involvement. | Exceeds 2012/13 result | Exceeds 2012/13 result | Meets or exceeds 2013/14 result |
Annual growth in international revenue for NZTE's intensively account managed customers. | 2 percentage points higher than NZ's overall total export growth | 2 percentage points higher than NZ's overall total export growth | 2 percentage points higher than NZ's overall total export growth |
Total value of Capital deployed (debt and equity) with NZTE involvement. | New measure | New measure | $600m |
Under development - Effectiveness measure for HIPs. | New measure | New measure | New measure |
Potential direct economic impact ratio for approved International Growth Fund grants. | 4 to 1 | 4 to 1 | 4 to 1 |
Total net promoter score for the Regional Partner Network. | New measure | New measure | Baseline to be established in 2014/15 |
Services to Support Sector Development and Special Events | |||
This category is intended to support key sector initiatives and special events that can provide significant economic benefits for New Zealand. | |||
Number of high-impact programmes funded by NZTE. | Up to 10 | Up to 10 | Up to 10 |
Percentage of deliverables achieved for high-impact programmes. | 85% | 85% | 85% |
Services to Support the Growth and Development of New Zealand Businesses | |||
This category is intended to develop business and management capability to improve individual firm and wider business performance and generate economic benefits for New Zealand. | |||
Number of businesses receiving business development services through the Regional Partner Network. | 2,500 (demand driven) | 2,500 (demand driven) | 2,500 (demand driven) |
Percentage of businesses that give a positive satisfaction rating to services provided through the Regional Partner Network. | Meets or exceeds 2012/13 result | Meets or exceeds 2012/13 result | Meets or exceeds 2013/14 result |
End of Year Performance Reporting#
Performance information for this appropriation will be reported by the Ministry of Business, Innovation and Employment in its annual report.
Current and Past Policy Initiatives#
Policy Initiative | Year of First Impact | 2013/14 Budgeted $000 | 2014/15 Budget $000 | 2015/16 Estimated $000 | 2016/17 Estimated $000 | 2017/18 Estimated $000 |
---|---|---|---|---|---|---|
International Business Growth Services | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 102,506 | 98,213 | 98,213 | 98,213 |
New Zealand Trade and Enterprise | 2014/15 | - | 7,000 | 14,400 | 14,400 | 14,400 |
Saudi Agrihub Partnership - MFAT Contribution | 2014/15 | - | 1,500 | - | - | - |
Saudi Agrihub Partnership | 2013/14 | 3,050 | 2,700 | - | - | - |
Whey Protein Concentrate Response | 2013/14 | 1,500 | - | - | - | - |
Services to Support Sector Development and Special Events | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 27,072 | 27,072 | 27,072 | 27,072 |
Government-to-Government Partnerships Office | 2014/15 | - | 1,000 | - | - | - |
Saudi Agrihub Partnership | 2014/15 | (750) | - | - | - | - |
New Zealand Trade and Enterprise | 2014/15 | - | 3,000 | 5,400 | 5,400 | 4,000 |
International Growth Package | 2013/14 | 2,000 | - | - | - | - |
America's Cup Leveraging and Legacy | 2012/13 | 1,390 | - | - | - | - |
Services to Support the Growth and Development of New Zealand Businesses | ||||||
Transfer from Vote Economic Development to Vote Economic Development and Employment | 2014/15 | - | 13,181 | 13,181 | 13,181 | 13,181 |
Proposed Changes to NZTE's Capital Management Services | 2011/12 | (1,854) | (1,854) | (1,854) | (1,854) | (1,854) |
Reasons for Change in Appropriation#
These appropriations have been established through the changes to the Public Finance Act.
International Business Growth Services
The change in appropriation from the appropriations that transferred to this classification is mainly due to a one-off transfer in 2013/14 for the Whey Protein Concentrate response.
Services to Support Sector Development and Special Events
The increased appropriation from the appropriations that transferred to this classification is mainly due to one-off funding in 2013/14 for the International Growth Package and the America's Cup Leveraging and Legacy initiatives.