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Industry, infrastructure and housing

accelerateonline • May 24, 2021

Budget Special Alert 2021

Long-term plans are being run through the Ministry of Business, Innovation and Employment, to increase productivity across 7 areas of the economy. So far, Industry Transformation Plans (ITPs) have been developed for the agritech and construction sectors, and are currently being developed for digital technologies, advanced manufacturing, food and beverage and forestry and wood processing sectors.

Investment in research and development and increasing our effectiveness as exporters will be critical here. Research and development tax incentives to promote business innovation are quantified in Budget papers as $40m for 2018/19, $213m for 2019/20 and $313m for 2020/21 in taxation foregone. The presumption is of a continuing trend at least for now.

SMEs in the tourism sector are promised $200m to drive recovery in the sector, with focus on the hardest hit regions of Kaikoura, Mackenzie District, Queenstown Lakes, Fiordland and South Westland. The package also commits $15m deployed by New Zealand Māori Tourism to support Māori Tourism operators.

A new Regional Strategic Partnership Fund is being established with $66.11m, reprioritised from existing commitments, funded through the Provincial Growth Fund. It supports regional recovery and development priorities, including creating more productive, resilient, and sustainable regional economies.

A $57.3b programme of infrastructure spending is planned from 2021 to 2025, including $10b in roads and public transport projects, and $810m on rail.

A new Housing Acceleration Fund commits $3.8b over four years to fund infrastructure and delivery of large-scale projects, providing a mix of public, affordable and market housing.

$380m is allocated for Māori housing solutions, including building new houses in areas with high rates of Māori housing deprivation and repairs to existing stock. $350m from the Housing Acceleration Fund has been ring-fenced for infrastructure to support the new builds.

Several initiatives relating to tenancies are being introduced, totalling around $100m, including $16m for enforcement of Healthy Homes Standards.

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Livestock Special Alert 2023

By accelerateonline • 12 Jun, 2023
Inland Revenue have recently announced this year’s livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements. The Herd Scheme Values are the National Average Market Values, determined by a process involving a review of the livestock market as at 30 April.

Livestock Special Alert 2023: Dairy Cattle

By accelerateonline • 12 Jun, 2023
The values for Dairy this year have seen a fall in values across all female classes, but increases across all male classes. The fall in R1 heifer values can be attributed to the prohibition of live export by sea commencing from 30 April 2023. For the first time the National Average Market Value for R1 Heifers is less than the National Standard Cost of breeding and rearing an R1 Heifer.

Livestock Special Alert 2023: Beef

By accelerateonline • 12 Jun, 2023
In contrast to Dairy values Beef values have increased on average 9% and are almost at record values for all classes.

Livestock Special Alert 2023: Sheep

By accelerateonline • 12 Jun, 2023
Sheep values have all fallen from the high of 2022, slipping back an average of 10.2%. Whilst values have fallen, they are still either the second or third highest that they have ever been depending on which class of sheep you are looking at.

Livestock Special Alert 2023: Goats

By accelerateonline • 12 Jun, 2023
Goat values have increased on average 7.8% with almost all classes of fibre and meat producing goats at record highs. The value of milking goats continues to be well down from historic highs, except for breeding bucks which are at their highest value.

Accelerate Budget Special Alert 2023

By accelerateonline • 21 May, 2023
Like the rest of the world, New Zealand has reeled from the aftermath of Covid, rising inflation and interest rates, and the cost-of-living crisis. This year we also have a massive storm damage repair bill.

Tax

By accelerateonline • 21 May, 2023
Any tax cuts, or changes to the tax thresholds were vetoed in Budget 2023 as this was viewed as worsening inflation.

Infrastructure

By accelerateonline • 21 May, 2023
Budget 2023 builds on the $889m already provided in response to this year’s storms. A further $6b is allocated for a National Resilience Plan , for rebuilding after weather events. $71b is committed to new and existing infrastructure projects: not only storm damaged communications, power and roading, but schools, hospitals, public housing, rail and road.
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