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Research shows need for more regional investment

Research shows need for more regional investment

Research currently underway into the regional economy, including employment and industry activity for the region, has revealed more needs to be done to lift futuregrowth above the national average.

Background work prepared for the Wellington Regional Strategy Office (WRS) suggests greater investment in infrastructure and IT-related industries would put us on an aspirational path to adding $1.2 billion per annum to the economy and creating 4,800 new jobs annually.

Comparatively, a ‘business as usual’ approach would create an additional 2000 jobs annually – equating to growth at a third less than the national average.

WRS is working with the region’s economic agencies and councils to help spark investment in regional industries and infrastructure to build a brighter future for the region.

A report will be presented to the WRS Committee later in the year