Estimates of appropriations

Vote Economic Development - Estimates 2013/2014

MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister for Economic Development (M25), Minister for Small Business (M62)

ADMINISTERING DEPARTMENT: Ministry of Business, Innovation and Employment

MINISTER RESPONSIBLE FOR MINISTRY OF BUSINESS, INNOVATION AND EMPLOYMENT: Minister for Economic Development

Overview of the Vote#

The Minister for Economic Development is responsible for appropriations in the Vote for the 2013/14 financial year covering the following:

Departmental appropriations consisting of:

  • a total of just over $29 million for policy advice on economic, industry and regional development policies, services to support the Minister, monitoring the performance and compliance of Crown entities and initiatives to promote sustainable economic development.

Non-departmental appropriations consisting of:

  • a total of just under $144 million for New Zealand Trade and Enterprise (NZTE) operating expenses
  • a total of under $36 million for NZTE cash grant schemes, and
  • a total of over $69 million for other services related to firms and industry.

Departmental capital consisting of:

  • a total of under $65 million for capital expenditure for the Ministry of Business, Innovation and Employment.

Non-departmental capital consisting of:

  • a total of under $14 million for capital investments in the early stage equity finance markets and offshore market development assistance to business.

The Minister for Small Business is responsible for Departmental appropriations in the Vote for the 2013/14 financial covering a total of under $2 million for issues relating to small and medium enterprises.

Details of these appropriations are set out in Parts 2-6 for Vote Economic Development in the Information Supporting the Estimates of Appropriations.

Details of Appropriations#

Details of Annual and Permanent Appropriations

Details of Annual and Permanent Appropriations - Economic Development
2012/132013/14
Titles and Scopes of Appropriations by Appropriation TypeBudgeted
$000
Estimated
Actual
$000
Budget
$000

Departmental Output Expenses

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.
221221221

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.
13,25513,25510,796

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.
1,3301,3301,285

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.
12,22511,54918,225

Total Departmental Output Expenses

27,03126,35530,527

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.
101,264101,26499,885

Investment Fund Management (M25)

Operational costs of the Venture Investment and Seed Co-investment Funds.
2,3302,3302,330

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.
13,75213,75213,905

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.
32,80732,80730,196

Total Non-Departmental Output Expenses

150,153150,153146,316

Non-Departmental Other Expenses

Depreciation on Auckland's Queens Wharf (M25)

This appropriation is limited to depreciation expenses associated with Auckland's Queens Wharf.
2,0002,0002,000

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.
4,5964,596780

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.
1,1331,1331,300

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.
30,02730,02730,027

Large Budget Screen Production Fund (M25)

Assistance to film and television productions that spend over $15 million in New Zealand.
50,55650,55650,556

Major Events Development Fund (M25)

Support for major events that provide economic, social, cultural and international profiling benefits to New Zealand.
15,07815,07810,000

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.
756756756

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.
1,1501,150800

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.
4,4874,4874,556

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.
1,2041,2041,204

Square Kilometre Array (M25)

This appropriation is limited to supporting New Zealand's engagement on the Square Kilometre Array project in collaboration with Australia.
1,4191,419830

Canterbury Earthquake Recovery - Business Support (M25)

This appropriation is limited to providing support for the recovery of businesses affected by the Canterbury Earthquake.
1,0001,000-

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.
4,9004,900-

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.
1,6761,676-

Total Non-Departmental Other Expenses

119,982119,982102,809

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.
75,04975,04964,566

Total Departmental Capital Expenditure

75,04975,04964,566

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.
172172172

Seed Co-investment Fund (M25)

Support the development of the market for early stage equity finance.
16,23216,232768

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.
29,25529,25512,820

Total Non-Departmental Capital Expenditure

45,65945,65913,760

Total Annual and Permanent Appropriations

417,874417,198357,978

Details of Multi-Year Appropriations#

Multi-Year Appropriations - Economic Development
Type, Title, Scope and Period of AppropriationsAppropriation, Adjustments and Use$000

Non-Departmental Other Expenses

Transformational Initiatives Fund (M25)

Funding for the implementation of policy on transformational initiatives as agreed by Cabinet.

Commences: 1 March 2009

Expires: 30 June 2013

Original Appropriation9,766
Adjustments for 2011/12(6,766)
Adjustments to 2012/13-
Adjusted Appropriation3,000
Actual to 2011/12 Year End3,000
Estimated Actual for 2012/13-
Estimated Actual for 2013/14-
Estimated Appropriation Remaining-

Details of Projected Movements in Departmental
Net Assets#

Ministry of Business, Innovation and Employment

Ministry of Business, Innovation and Employment - Details of Projected Movements in Departmental Net Assets - Economic Development
Details of Net Asset Schedule2012/13
Estimated Actual
$000
2013/14
Projected
$000
Explanation of Projected Movements in 2013/14
Opening Balance-119,993Establishment of the Ministry of Business, Innovation and Employment
Capital Injections85,39942,3482013/14 capital injections required for Govt Procurement and the Immigration Global Management System.
Capital Withdrawals-(6,600)
Surplus to be Retained (Deficit Incurred)(9,919)1,162
Other Movements66,7165,473This is a non-cash movement for the establishment of the Ministry of Business, Innovation and Employment

Closing Balance

142,196162,376