Venture Taranaki Annual Report 2015 at a Glance
Total Page：16
File Type：pdf, Size：1020Kb
VENTURE TARANAKI ANNUAL REPORT 2015 AT A GLANCE POPULATION: 2.4% of TARANAKI GDPBILLION New Zealand’s 109,609 population $9.2 4.0% of New Zealand’s GDP guest nights stayed in Year ended March 2014 553,209 commercial accommodation guest nights stayed 1.1m with friends & relatives 14,927 50,690 $80,297 BUSINESSES EMPLOYEES Taranaki’s GDP 2.9% of national total 2.5% of national total per capita (the highest in NZ) LONG TERM ECONOMIC GROWTH MIGRATION (GDP) 2013-2014 2015: +492 +7.2% 2014: +56 BUILDING CONSENTS ISSUED IN TARANAKI 2014: $310 million UP 27.2% ON 2013 Passengers through 7.1 5.3 New Plymouth Airport 2014: cows per person sheep per person a record All figures year to June unless stated otherwise. Source: Census 2013, Statistics NZ, Venture Taranaki Business Survey, New Plymouth 340,000 Airport data, REINZ VENTURE TARANAKI ANNUAL REPORT 2015 Contents Chairman’s Comment ............................................................. 2 Oil and Gas Support ................................................................ 18 The Value of Partnership ......................................................... 18 Venture Taranaki at a Glance .................................................. 2 Developing New Products ....................................................... 19 Chief Executive’s Comment ..................................................... 4 Digital Taranaki ....................................................................... 20 Achievements 2014-2015 ........................................................ 6 Research and Development..................................................... 21 Attracting Skills and Population ................................................ 6 Taranaki Trends .......................................................................22 Business Surveys .......................................................................7 University Partnership .............................................................23 Infrastructure ............................................................................7 Visitor Campaigns ...................................................................24 Capability Development Vouchers ............................................ 8 Wealth Beneath Our Feet.........................................................25 Study Taranaki .......................................................................... 9 Financial Performance 2014-2015 Customer Satisfaction .............................................................. 9 Audit Report ........................................................................... 26 Events: What’s the Buzz ...........................................................10 Trustees’ Review .....................................................................28 FIFA U-20 World Cup New Zealand 2015 ...................................11 Statement of Financial Position ...............................................29 Guidebooks ............................................................................. 12 Statement of Comprehensive Revenue and Expenses ............. 30 Higher Profile .......................................................................... 13 Statement of Changes in Equity ............................................... 31 Jobs Website .......................................................................... 14 Statement of Cash Flows .........................................................32 Business Start-Up .................................................................... 14 Notes to the Financial Statements ...........................................33 Leveraging Conferences and Events ........................................ 15 Statement of Service Performance ..........................................42 Mentoring ............................................................................... 16 Trust Directory .....................................................................45 Newsletters and Events ........................................................... 17 Contact Information ............................................................ 46 Providing Business Advisory Services ...................................... 17 BUILDING CONSENTS ISSUED IN TARANAKI 2014: An initiative of Venture Taranaki Trust is Taranaki’s Regional Development Agency. We help Taranaki grow. Venture Taranaki is an initiative founded, owned and principally funded by the New Plymouth District Council. In addition to their support, the Trust also receives funding from South Taranaki District Council, Stratford District Council, Taranaki Electricity Trust, TSB Community Trust, New Zealand Trade and Enterprise, Ministry of Business, Innovation and Employment, Callaghan Innovation, Business Mentors New Zealand and numerous other private sector organisations. Photos: Jeremy Beckers, Rob Tucker & TAFT. Design: C7 Design, New Plymouth VENTURE TARANAKI ANNUAL REPORT 2015 CHAIRMAN’S COMMENT Whilst our region is not able to influence With a regional population nearing 110,000, global commodity prices, there is some our greatest challenge will remain one of consolation that the Trust mapped aspects resonance – both amongst decision makers of this downturn several years ago, and in Wellington and amongst those who stepped up its efforts to help diversify may look to align their businesses, their Taranaki’s products, services, sectors and purchasing decisions and their very lives markets. with the unique Taranaki lifestyle. The value of an independent and apolitical That Venture Taranaki works with all of regional development agency is that it can the region’s local authorities is a critical freely focus beyond the next few months factor in its success. The regional economy or year ahead, and support and facilitate relies on the output of all districts, as do resilient, progressive, and intergenerational perceptions of Taranaki, its businesses, economic foundations on which all of our events, and people. communities can thrive. Following New Plymouth District Council’s ver the past year we have been In response to the economic challenges review of its own economic development confronted by the scenario of the region faced this year, Venture Taranaki strategy and ongoing work on the Blueprint significant reductions in the prices bolstered its support of research and spatial plan, and under the recent O development, built management capability amendments to the Local Government Act, of oil and milk, both critical outputs to our regional economy. These changes amongst local businesses and attracted it is entirely appropriate that the Council have been driven by global factors, and significant leveraged investment from reflects on the most efficient way to deliver 2 the impact of these reductions will play Central Government. You can read about economic development within their district. the progress in these areas, and across the out over coming years. Venture Taranaki looks forward to receiving Trust’s full range of activities in the following recommendations from that process, for pages of this report. VENTURE TARANAKI – AT A GLANCE The number of Taranaki employers Value of Research & Development Grants issued registered on the Taranaki Jobs Website to Taranaki businesses in partnership with 2015: 1,131 Callaghan Innovation 2012: $1,093,380 2015 2014: 890 2013: $1,643,565 2013: 782 2014: $1,963,383 $1,401,192 2012: 694 Major events Number who attended Venture Taranaki’s contracted 2015 free Business Start-Up Clinics 2013: 11 10 2012 2013 2014 2015 2014: 12 274 227 257 313 VENTURE TARANAKI ANNUAL REPORT 2015 while we have every confidence in the value of the interventions we make in the regional IN RESPONSE TO THE ECONOMIC CHALLENGES THE REGION economy, the Trust maintains a philosophy FACED THIS YEAR, VENTURE TARANAKI BOLSTERED ITS SUPPORT of continuous improvement. OF RESEARCH AND DEVELOPMENT, BUILT MANAGEMENT We can also be confident the region is CAPABILITY AMONGST LOCAL BUSINESSES AND ATTRACTED well served in its delivery of economic development services. The model SIGNIFICANT LEVERAGED INVESTMENT. pioneered by the Trust in Taranaki was adopted by Auckland’s ATEED as the best in logistics and insight into the mid/ investments towards realising that unified mechanism by which to influence and downstream component of the energy economic vision. support economic growth across New sector as Senior Vice President, Global Zealand’s supercity. This year the same Finally I also acknowledge our many Marketing and Logistics of Methanex. model was also adopted in Wellington with partners both within the region and beyond Vanessa joins Gavin Faull, Kevin Murphy the establishment of WREDA – Wellington it. Our colleagues at South Taranaki and and Jamie Tuuta on the Board. Regional Economic Development Agency. Stratford District Councils, TSB Community On behalf of the Board, I thank Chief Trust and the Taranaki Electricity Trust, Again, I extend considerable gratitude to Executive Stuart Trundle and his team. It is are strong supporters of the work Venture the members of Venture Taranaki’s Board of their role to deliver the strategy set by the Taranaki does – work which aligns to their Directors, whose considerable knowledge Board, and they do this extremely well. strategic goals. Along with our government and experience have continued to ensure partners in Wellington and those further the Trust remains strategically relevant. I must also thank the Trust’s instigators, afield, we are working towards strong During the year we farewelled Trustee Roy