Table of Contents
Overview
To remain competitive on the global stage in the 21st century, all regions must maximise their productivity and efficiency by utilising their resources and tools effectively. Unlocking economic potential will require all levels of government to align on shared priorities, actions, and timelines, while leveraging all available mechanisms to enhance regional economic outcomes. Building optimal conditions for collaboration with the private sector will also be key.
The Government of New Zealand announced the Regional Deals Strategic Framework, committing to partner with local government through the creation of Regional Deals. These deals offer a long-term approach to addressing some of the fundamental challenges impacting regional economic development and productivity by treating regions as integrated economic ecosystems.
This strategic framework outlines the Government’s vision for Regional Deals and the criteria for selecting regions to participate. The framework takes into account local government objectives, as highlighted in Local Government New Zealand’s report, “What Communities Need from the Framework for City/Regional Deals.”
Regional Deals will be built on a 30-year vision, with negotiated 10-year strategic plans aimed at achieving shared objectives and outcomes between central and local governments.
These long-term commitments are designed to drive economic growth, enhance productivity, build resilient and connected infrastructure, and increase the availability of affordable, quality housing.
In essence, Regional Deals will foster greater regional collaboration, improve decision-making, funding, and financing at the local level, and encourage innovative partnerships between central and local governments. They will offer a comprehensive approach to achieving aligned outcomes, tailored to local needs while supporting national priorities. Regular reviews and evaluations will ensure these deals adapt to evolving regional and national conditions.
Key Components
Purpose and Vision
The framework’s primary purpose is to create a coordinated approach to regional development, ensuring that investments and initiatives align with local priorities and national objectives. It envisions thriving, resilient regions that contribute to New Zealand’s overall prosperity. Guiding Principles
The framework is built on several guiding principles:
- Place-based approach
- Partnership and collaboration
- Long-term commitment
- Evidence-based decision making
- Flexibility and adaptability
Deal Structure
Regional Deals are structured around three main elements:
- Strategic objectives
- Investment priorities
- Implementation plans
Implementation Process
The framework outlines a step-by-step process for developing and implementing Regional Deals:
- Identification of potential regions
- Initial engagement and scoping
- Deal development
- Approval and signing
- Implementation and monitoring
- Evaluation and review
Governance and Accountability
A robust governance structure is proposed to ensure effective oversight and accountability:
- Regional Deal Governance Group
- Regional Deal Working Group
- Central government coordination
- Regular reporting and performance monitoring
Expected Outcomes
The framework aims to achieve several key outcomes:
- Increased regional economic growth
- Improved social and environmental wellbeing
- Enhanced regional resilience
- Stronger partnerships between central and local government
- More effective and targeted investment in regions
By providing a clear structure for regional development initiatives, this framework seeks to create a more balanced and prosperous New Zealand, addressing the unique challenges and opportunities of each region.
