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What processes, if any, does the government use to determine which financially challenged industrial infrastructure or facilities, such as mills and food processing facilities, are entitled to public grants? and 1 other question

Answered 33037, 33151 (2026)
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Asked by

Steve Abel

List MP · Green Party

Questions

  • 33037

    Question published

    What processes, if any, does the government use to determine which financially challenged industrial infrastructure or facilities, such as mills and food processing facilities, are entitled to public grants?

  • 33151

    Question published

    Does the Minister expect any further grants, like the $60 million grant to Fletcher Building, will be needed for private companies, if so, what will be the process for deciding whether a company will receive a grant?

Answered by

Hon Nicola Willis

List MP · National Party · Minister for Economic Growth

Answer

The Government does not operate a general entitlement to public grants for financially challenged firms. Markets remain the best way to allocate resources and, in most cases, market forces should prevail. Golden Bay Cement presented a unique economic resilience and security of supply issue – if the plant closed, then most of New Zealand’s cement would be imported, and New Zealand would be vulnerable to international supply disruptions which could have a significant impact on the economy.