Economic growth is priority number one for 2025. Because a growing economy means giving Kiwis more choices. The confidence to find a new job, hire a new staff member, open a business, or start a family.
A growing economy means we can deliver better infrastructure – like roads – so Kiwis can get where they need to be, faster.
It means more money for hospitals - so we can have more surgeons and doctors, more medicine, faster access to treatment, and higher quality care when you need it.
It means more money for schools – with better resources, better classrooms, better technology, and more attention and opportunity for your children and grandchildren.
It means safer and more vibrant towns and cities – with growing businesses, more parks and libraries, higher quality homes, and more of them.
Last year we put in place a platform for growth, and this year we intend to turbocharge that.
But too often, when it comes to economic growth, we’ve slipped into a culture of saying no.
The bottom line is we need a lot less no and a lot more yes. More concerts, more mining and more breaking down barriers for business.
Today, I announced part of our plan to grow the economy.
First, we’re taking action to make New Zealand a much more attractive destination for investment.
More investment means we can deliver better roads and energy infrastructure and build a strong economy to help us pay for better health and education.
That’s why, modelled off the success of Ireland and Singapore, we have agreed to establish Invest New Zealand as the Government’s one-stop-shop for attracting foreign direct investment.
Invest New Zealand will roll out the welcome mat – streamlining the investment process and providing tailored support to foreign investors.
And secondly, we want to incentivise our scientists to make major breakthroughs that make our country wealthier.
Some universities offshore have totally reformed their IP settings, so researchers see a greater commercial share of their own research.
We’ve agreed to implement a similar approach here - making that a reality across our universities and science sector.
2025 will be another massive year for New Zealand – and I am obsessed with doing everything it takes to unleash the growth, innovation, and investment we need to thrive – because Kiwis deserve nothing less.
Thank you,
Christopher
