Sharechat Logo

Christchurch high-tech businesses get $1.8m cash injection

Tuesday 3rd April 2012

Text too small?

The government is to invest $1.8 million in Christchurch over the next three years to support the development of a high-tech business hub, the Minister for Economic Development, Steven Joyce, has announced.

The Ministry of Science and Innovation and New Zealand Trade and Enterprise will work together with the Christchurch City Council and the private sector to establish the Enterprise Precinct and Innovation Campus (EPIC) on the corner of Tuam and Manchester Streets.

“This Government wants to ensure Christchurch remains an attractive place for the high-tech sector and the people working there,” Joyce said. “This is part of our wider support package for businesses that have been affected by the earthquake, and is a great example of a public-private partnership to encourage growth opportunities for Christchurch.”

EPIC will give 16 high-tech Christchurch businesses a much needed home base following the earthquakes that devastated parts of the city in 2010 and 2011.

The council has provided the land rent-free for five years, while the Bank of New Zealand will support and finance the project. It will be underwritten by the Canterbury Business Recovery Trust.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Mercury points to peaking gains as FY production drops 10%
Asset Plus sells Heinz Watties distribution centre for $29.1 mln
18th July 2019 Morning Report
COMMENT: RBNZ's key political omission in its bank capital proposals
ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch
MARKET CLOSE: NZ shares edge higher in quiet trading; weaker currency buoys exporters
NZ dollar stalled amid uncertainty about US rate cuts
RBNZ a 'poor communicator' - CBL's Harris
Methane reduction target could be catastrophic - Fonterra Shareholders' Council
Greater role for gas in electrification of transport, industry

IRG See IRG research reports