REGIONAL DEALS - Strategic Framework REGIONAL DEALS
FIRST REGIONAL DEAL
TOOLS TO ENABLE DELIVERY
• Intended to be finalised in 2025
Partnership between central and local government
• Five regions invited to participate in first tranche1
Empowering local government to support regional economic growth
CENTRAL GOVERNMENT
Partnership
LOCAL GOVERNMENT
Long term commitment based on a 30-year vision, with negotiated 10-year strategic plans to deliver shared objectives and outcomes
FUNDING AND FINANCING TOOLS
• Selected by Ministers/Cabinet • Selection criteria will be based on: □ Councils being in a growth area that has clear objectives around economic growth, productivity and infrastructure □ Councils with an already identified functional economic area □ Councils being ready to deliver on a deal
Priority objectives:
INFRASTRUCTURE AND INVESTMENT MINISTERIAL GROUP (IIMG)
□ Building economic growth
□ Improving the supply of quality and affordable housing
• Shane Jones
DEAL MAKING MILESTONES
• Simon Court
POT E N T I AL O PT I O N S
• Simeon Brown • Paul Goldsmith
REGIONAL DEALS
Guiding principles: □ Partnership
IIMG/Councils IIMG Invites expressions of interest (up to 5) and ‘light-touch’ proposals submitted by selected councils
□ Adaptability □ Certainty of decision-making and funding and financing
MĀORI/IWI ORGANISATION PARTNERS
PRIVATE SECTOR PARTNERS
□ Accountability and transparency
1
Cabinet Releases a national regional deal framework
to deliver shared objectives and outcomes
Cross agency support of agreed projects and coordination of capital commitments to funding for transport, schools, hospitals, and other aspects of regional growth
2 Enabling new user charges, value capture, targeted rates, tolling and congestion charging and an enhanced Infrastructure Funding and Financing Act
3
IIMG/Partners Signed MOU with selected regions
Foundational components: □ Defined economic/geographic area
Central and Local Government
Negotiation of regional deal
□ 10-year strategic plan with clear outcomes sought and actions required to achieve them
Reallocation of existing government funding
Enhanced Going for Housing Growth payments, which could include a share of GST for local government
4
IMPLEMENTATION AND DELIVERY
Regional deal signed/finalised
□ Decision making arrangements, delivery timeframes and accountabilities
DELIVERY FOR REGIONS/COMMUNITIES
□ Capital and operational investments required □ Performance metrics with monitoring and reporting □ Regulatory and institutional settings to support the deal
System Change Regional Deals Strategic Framework announced
First regional deal expected in 2025
First tranche regional deals negotiated
Sector specific commitments, such as sharing royalties generated by new and reestablished exploration of the mineral estate or other forms of regional economic development
Establishment of oversight body for regional deal and support for regional deal from central government delivery agencies
Delivery for region/community (to be monitored against a monitoring framework and evaluating and accountability mechanisms)
Specific legislative changes
Staged approach to finalising first tranche of regional deals, subsequent tranches to follow by open expressions of interest process
10 YEAR STRATEGIC PLAN
Deal Making Milestones (1-4)
REGIONAL DEALS ‒ TIMELINE SNAPSHOT OF SYSTEM CHANGE
INNOVATIVE USE OF PLANNING MECHANISIMS IMPROVED REGIONAL-CENTRAL GOVERNMENT CO-ORDINATION
• Nicola Willis
□ Delivering connected and resilient infrastructure
REGULATORY RELIEF MECHANISMS
10 YEAR STRATEGIC PLAN
10 YEAR STRATEGIC PLAN
30 YEAR VISION FOR THE REGION
2024
22 AUGUST
1
2025
Recent media reports suggest that this may be: Northland, Tauranga, Western Bay of Plenty, the South Island’s West Coast, Queenstown/Central Otago, and may also include a distinct ‘city deal’ with Auckland Council - see further Mining royalties to finance housing in first regional deals - Newsroom
2035
2045
2055
All rights reserved © Bell Gully 2024