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REPORTING ON OUTCOMES

Impact on Wellington regional economy: Impact on:

Direct

Total

Expenditure: (2015 $m)

54.1

91.7

GDP (2015 $m)

45.9

69.9

Employment

398

538

Impact on the New Zealand economy: ** Impact on:

Direct

Total

Expenditure: (2015 $m)

55.7

136.6

GDP (2015 $m)

47.0

95.9

Employment

410

713

Source: BERL

It should also be noted that the table presents conservative estimates of economic impact because they are based only on WelTec’s operational expenditure and staff spending. Broadly speaking, the spending by each out-of-region domestic student and each international student is likely to add between 0.5 and 1.0 jobs to the regional economy, allowing for multiplier effects.

The Wellington Regional Strategy The Wellington Regional Strategy 2012 – Growing a Sustainable Economy aims to: develop a resilient and diverse economy; retain and create high value jobs; and improve the region’s relative economic position. In pursuit of these aims the Strategy has six focus areas. WelTec’s teaching provision and other activities support three particular focus areas of the Strategy.

Focus area: Building world-class infrastructure Regional economic prosperity is heavily dependent on the region’s level of connectedness and resilience at local, national and international levels. This is in turn dependent on the quality of our foundation infrastructure and transport systems. A feature of WelTec’s provision is its range of engineering and information technology courses For example, the Level 6 New Zealand Diploma in Engineering along with the Bachelor of Engineering Technology include an optional major in Civil Engineering, and the Bachelor of Information Technology includes an optional major in Networking. Infrastructure building also requires a good supply of well-trained trades workers. As part of a Consortium with Whitireia, Ngāti Toa, Te Atiawa and Pasifika Churches, WelTec successfully bid to deliver training in 2015 under the banner of the Māori and Pasifika Trades Training (MPTT) initiative. The bid was based largely on the recognition that the Wellington region would require skills for a range of major infrastructure projects in the next decade or so. In 2015, we had 142 individuals enrolling in Māori and Pasifika Trades Training programmes – 81 Māori scholarships were awarded and 61 Pasifika. The majority of students completing their training have found employment or have transitioned into further training. Our work ready graduates contribute to major infrastructure projects including the Wellington Northern Corridor.

**The estimated impacts are larger at national level than at regional level because, Wellington’s regional economy is likely to include only a portion of the supply chain benefitting from WelTec’s expenditures, whereas the national economy is likely to include a much larger portion. 35


2015 WelTec Annual Report