Rotorua Daily Post
  • Rotorua Daily Post home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
    • All Lifestyle
    • Residential property listings
  • Property
    • All Property
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Rural
  • Sport

Locations

  • Tauranga
  • Te Puke
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Taupō & Tūrangi

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales

Weather

  • Rotorua
  • Tauranga
  • Whakatāne
  • Tokoroa
  • Taupō

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Rotorua Daily Post

Startup support on Budget wishlist

By David Porter
NZME. regionals·
24 May, 2016 06:30 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Finance Minister Bill English looking over a copy of his Budget 2016 speech during his visit to Printlink in Petone. Photo / Mark Mitchell

Finance Minister Bill English looking over a copy of his Budget 2016 speech during his visit to Printlink in Petone. Photo / Mark Mitchell

The wishlist for Bay of Plenty businesses from Thursday's Budget includes more encouragement for smaller businesses and startups, and a more focused approach to raising awareness of business in schools.

"I'm hoping for a budget that is future-focused and visionary, that supports the growth of an innovation culture in our people and in businesses large and small," said Andrew Coker, chief executive of Priority One.

Priority One chief executive Andrew Coker.
Priority One chief executive Andrew Coker.

"Continued growth in investment in education is vital and should be targeted at the development of a system that generates young wealth-creators, risk-takers and entrepreneurs.

With a growing economy there is a greater need for employment, particularly those who are skilled.

John McRae, partner at Deloitte Private Rotorua
Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"The budget should also expand further on the good work being done to attract high-quality skills and talent to New Zealand."

Stan Gregec, chief executive of the Tauranga Chamber of Commerce, echoed that view, saying it would be good to see better education pathways to entrepreneurship.

Tauranga Chamber of Commerce chief executive Stan Gregec.
Tauranga Chamber of Commerce chief executive Stan Gregec.

And he noted that small business had become the new focus for government initiatives both in New Zealand in Australia.

"But it's now a matter of delivering real substance and haste, and making sure we keep up with our neighbours.

"It's a disappointment that the reform of provisional tax for small business doesn't take effect until April 2018. "

Advertisement
Advertise with NZME.

He added that New Zealand needed to encourage and support even more startups.

Bill Murphy, executive director of Bay of Plenty early-stage funding group Enterprise Angels, said there were two tax/budget issues that were really important for startups.

Enterprise Angels executive director Bill Murphy.
Enterprise Angels executive director Bill Murphy.

"The first is the implementation of new tax relief for research and development," he said.

That would allow young companies early access to all or part of their tax losses in the form of a cash receipt.

Discover more

Shares fall on US rate prospects

20 May 12:40 AM

Look into the books

20 May 01:24 AM

Log prices rise in firm market

23 May 11:00 PM

Budget opens doors for Bay tourism

25 May 05:30 AM

"The second is to make the rules around granting share options to directors and employees of young companies much more straightforward."

Darrin Walsh, chief executive of the Rotorua Chamber of Commerce, said business confidence was high.

Rotorua Chamber of Commerce chief executive Darrin Walsh.
Rotorua Chamber of Commerce chief executive Darrin Walsh.

"Businesses are in pretty good shape and I believe expectations from the business sector are reasonably low for this budget.

"We will be looking for anything that makes it easier to do business within the region."

Mr Walsh said businesses would be looking for investment in infrastructure, with roading and clean water being two issues dear to Rotorua.

John McRae, partner at Deloitte Private Rotorua, said he was hoping for a "steady-as-she-goes announcement" with any support being towards innovation and the growth of our economy.

Advertisement
Advertise with NZME.
Rotorua Chamber of Commerce  president John McRae.
Rotorua Chamber of Commerce president John McRae.

"With a growing economy there is a greater need for employment, particularly those who are skilled.

"Any social policy changes need to be empowering and foster self-development."

Lain Jager, chief executive of Zespri, the primary exporter of kiwifruit, said the industry was investing strongly as it continued to grow and boost exports.

Zespri chief executive Lain Jager.
Zespri chief executive Lain Jager.

"We're looking for the Government to continue measures to support businesses like ours to build a more productive and competitive New Zealand economy."

The 2016 Budget:

* The Government will release this year's Budget at 2pm on Thursday

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Business

Premium
Opinion

Balancing power: What the employment law changes mean for you

06 Jul 05:00 PM
Rotorua Daily Post

NZ Super Fund-backed Kaingaroa Timberlands expands with Waikato land purchase

01 Jul 05:43 AM
Rotorua Daily Post

Data show more Kiwis struggling to pay bills, behind on mortgage payments

30 Jun 09:57 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Premium
Balancing power: What the employment law changes mean for you

Balancing power: What the employment law changes mean for you

06 Jul 05:00 PM

Comment: Employees earning over $180,000 lose the right to claim unjustified dismissal.

NZ Super Fund-backed Kaingaroa Timberlands expands with Waikato land purchase

NZ Super Fund-backed Kaingaroa Timberlands expands with Waikato land purchase

01 Jul 05:43 AM
Data show more Kiwis struggling to pay bills, behind on mortgage payments

Data show more Kiwis struggling to pay bills, behind on mortgage payments

30 Jun 09:57 PM
Premium
What’s the market mood at the midpoint?

What’s the market mood at the midpoint?

29 Jun 04:17 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Rotorua Daily Post e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Rotorua Daily Post
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Rotorua Daily Post
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP