Our economic development goal is to build an economy that performs well all year-round, is diverse, provides employment and helps attract visitors.
Responsibility for economic development is shared between our community, Council, and regional and central government. Kaikōura, like all regions, faces a variety of economic development challenges including our small population, relative geographic isolation and current economic make up that focuses on tourism and summer months trading.
Council is currently working on an economic development framework that will help Kaikōura meet future challenges, lift overall productivity and build economic diversity. This includes looking at how to partner with Te Rūnanga o Kaikōura and local iwi to help them achieve their economic ambitions.
Understanding Kaikouras economy
Council provides free access to economic analysis and forecasts through an informetrics service. The goal is to help local businesses and those who may be looking to invest in our district understand the economic forces which affect their businesses or organisations. The information also helps inform Council’s planning, policy, and strategic decisions and may also be of interest to our community, schools and NGO’s for research projects or planning how to deliver their services.
Where are we now?
Council is focusing on finding local solutions to local problems, leading to inclusive and sustainable growth for whole community. Our role is to facilitate productivity‐enhancing and environmentally sustainable commercial activities, especially those that can improve wages and return on investment.
Councils current projects include;
- Progressing work to develop Wakatu Quay and South Bay Harbour, funded by the provincial growth fund
- Supporting the roll out of Ultrafast broadband for Kaikoura township
- Identifying opportunities to apply for/use the Tourism Infrastructure Fund
- Supporting local businesses including developing strategies to enhance winter season commercial activities
- Investigating statement district entry/exit signs
- Working with Destination Kaikōura and others to develop a Tourism Development Strategy that aligns with the Aotearoa New Zealand Government Tourism Strategy
- Working with the Canterbury Employers chamber of Commerce and Canterbury Mayoral Forum to ensure Kaikōura’s economic development work benefits from and contributes to work across Canterbury
- Supporting tourism activities including the Alpine Pacific NZ trail and the Coastal Pacific train
- Implementing Council’s Three Year Plan including how Kaikōura can work with the digital economy
In mid-2018 Council applied for $200,000 of funding from the Government’s Provincial Growth Fund for early investigations into three projects centering on our harbour, airport and positioning Kaikoura as a Marine Centre of Excellence.
The investigations led Council to apply to the Provincial Growth Fund in mid-2019 for projects to develop Wakatu Quay and South Bay Harbour.
Our economy and the 2016 earthquake
Recovery Plan Goal
Establish strategic partnerships to attract investment; develop support structures to provide certainty around businesses and employment continuity; and explore avenues of economic diversification to enhance economic and social resilience.
How we'll achieve it
- Market Kaikōura: Reposition Kaikōura as a unique year-round destination including multi-day/weekend offerings. Establish an international marketing campaign. Establish long term partnerships and actions to maintain momentum and create longer term solutions for marketing the region.
- Year round and more diverse tourism: Investigate options to attract year-round visitors to Kaikōura and to diversify tourism opportunities, including targeting higher value tourism, new facilities and ventures across all seasons.
- Education hub: Explore with local education providers opportunities to collaborate on the provision of educational services and facilities (e.g. explore a local education hub for the region).
- Marine Research Centre: Investigate the potential for Kaikōura to become a marine research centre for New Zealand to attract year-round researchers and students
Recovery Plan Goal
Develop a comprehensive resilience monitoring and review system, and investigate future opportunities presented by the earthquake for improving infrastructure and tourism.
How we'll achieve it
- Grow community resilience: Develop a comprehensive “Kaikōura Gets Ready” resource for individuals, households and businesses identifying actions people can take to support themselves and others in times of hardship.
- Understand and address natural hazards: Work collaboratively with agencies including infrastructure lifelines to better understand and address natural hazards in the district.
- Improve communication networks: Strongly advocate for improved mobile phone and broadband communication networks within the region and support the installation of network infrastructure.
- Kaikōura Airport: Investigate the future proofing of the Kaikōura Airport including a runway extension to allow a greater range of planes to land more safely.
- Coastal enhancements: Investigate opportunities presented by coastal uplift such as safer and more resilient transport networks, walking/cycling paths and restoration planting along the coast.
- Benefit from research: Ensure local benefit arises from science and research being undertaken throughout the recovery process and beyond, by collaborating with researchers and maintaining a watching brief on progress.
The November 2016 earthquake affected our local economy and local businesses. We offered all the support and assistance we could including:
- Working with the government to set up a $1 million business recovery grant scheme
- Helped secure $650,000 for tourism marketing through Destination Kaikōura
- Working with Canterbury Employers’ Chamber of commerce to offer free membership to 474 local businesses
- Working to set up a local Business Association
- Working with NZTA and Kiwirail to make sure as much as possible of the money spent by the nearly 1000 workers fed and housed here is spent through local businesses – including contracts for local businesses to supply lunches and dinners to workers.
- Facilitating a series of free workshops and trainings to help businesses operate
- Having a full time staff member directly focused on identifying and working through business issues
- Working with the Canterbury Employers’ Chamber of commerce, Canterbury Community Law, ChristchurchNZ, Business Mentors NZ, the Ministry of Business Innovation and Employment and others to provide advice and support to local businesses on issues including insurance, finance and business resilience.
'The Hospo Project' Feeding the Village People
- Canterbury Regional Economic Development Strategy
- Canterbury Employers Chamber of Commerce
- News about Economic Development form the NZ Government
- More about the digital economy
- Future Kaikōura Free training and events, assistance, information, support and advice for Kaikōura businesses affected by the November 2016 earthquakes.
- Free Legal advice: Community Law Canterbury can provide free legal advice (about rebuild, insurance or other matters). Contact 0800EQLEGAL or 0275370159 to find out more.
NCTIR News, and providing Complaints or Feedback NCTIR are doing everything they can to keep everyone up-to-date as the work on the road and rail continues find out how to keep up with their information, make a complaint or provide feedback