Our priorities

The Ministry of Business, Innovation and Employment (MBIE) is the government’s lead business-facing agency. Our contribution to improving the wellbeing of New Zealanders is summarised in our purpose, to grow New Zealand for all.

Our purpose is to grow New Zealand for all. Our priorities focus on the high-potential opportunities to achieve our purpose.

These priorities are important for creating a productive, sustainable and inclusive economy for New Zealanders. We will work closely with our partners – including central and local government, businesses, workers, and Māori – to advance these priorities.

Future of work
Anticipating and responding to the changing nature of work

The nature of work and the ways people work are changing. In the future there will be more job transitions for workers and a need for new skills. To prepare for this we are focusing on:

  • regulatory changes needed to support and respond to the changing nature of work
  • improving the responsiveness of New Zealand’s skills systems
  • balancing immigration with domestic supply to meet current and future skill needs.

Government procurement
Enhancing government procurement to achieve broader outcomes for New Zealanders

The way government procurement is done can have a direct impact on the economic and social wellbeing of New Zealanders. We will promote the use of government procurement to generate broader economic, environmental, social, and cultural outcomes.

Our aim is to ensure that agencies consider and include these broader outcomes in their procurement practices, do so in a proportionate manner, and balance these interests against traditional value-for-money considerations.

Increasing capital supply and encouraging more productive investment to support a thriving economy

New Zealand needs investment to deliver a dynamic, diversified, high-tech and low-carbon economy. Where investment happens is where the economy will grow and transform. We are working with Ministers to:

  • attract high-quality investment into New Zealand
  • reduce barriers to investment
  • increase the supply of investment capital for our best and brightest start-ups to grow and stay in New Zealand.

Just transitions
Supporting a just transition to a low emissions economy

A ‘just transition’ is about shaping the pathways to transition to a clean, green and carbon-neutral New Zealand. We have responsibility for coordinating the cross-government work programme on just transitions, working closely with the Ministry for the Environment on the transition pathway to meet our climate change objectives.

We are partnering with Māori, unions, impacted communities and industry so we can be more informed and deliberate about how we manage impacts and leverage opportunities related to the transition. A key initial focus is supporting Taranaki to transition to its vision of a clean energy and low emissions future.

Partnership with Māori
Improving outcomes for Māori whānau and business through partnership with Māori

The Crown, including us, has a unique relationship with Māori through the Treaty of Waitangi. Partnering with Māori and maintaining strong relationships is essential to improving the outcomes for both Māori and New Zealanders.

To achieve this we will trial new approaches to create an environment that supports new ideas and innovative ways of working together. We have a leadership role in the whole of government delivery of He Kai Kei Aku Ringa, the Crown Māori economic development strategy.

Iwi, hapū, whānau and the Māori enterprise have a significant role to play in contributing to the long-term sustainable growth and future of New Zealand’s diverse regions. As our priority, partnership and building enduring relationships with Māori will help to create economic growth opportunities with Māori and grow Aotearoa New Zealand for all, domestically and abroad.

Regional growth
Supporting thriving and sustainable regions

Thriving regions are an important part of raising New Zealand’s economic performance and lifting the wellbeing of our people. We are focusing on:

  • the priorities for regional economic development, using the Provincial Growth Fund Investment Statement [PDF 239KB] as a foundation
  • forming a clear view of each region’s challenges and opportunities and of how government can provide support, in a joined-up way
  • working with regions, business and the rest of government to deliver a well-balanced set of regional, sectoral and infrastructure investments through the Provincial Growth Fund.

Regulatory stewardship
Reaching best practice regulatory systems that are resilient and agile

A good regulatory environment is fundamental to growing New Zealand for all – it enables businesses to thrive and keeps people safe. We manage 16 regulatory systems and we have set a goal to reach best practice in all of these by 2022.

We are developing a work programme to achieve this goal. We will continue to invest in our regulatory practice, including through the Government Regulatory Practice Initiative and the Better for Business programme.

Supporting competitive sectors Identifying opportunities and removing barriers for effective competition in key sectors to improve productivity and consumer outcomes

Competition is an important aspect of a productive, sustainable and inclusive economy. While New Zealand’s competition laws and institutions are generally well-regarded internationally, in a number of key industries there are low levels of competitive pressure. To improve outcomes from competition we intend to:

  • build our understanding of what is encouraging or inhibiting competition in key sectors, and
  • minimise barriers to competition in those sectors by proactively providing advice on proposed policies and regulation.