Canterbury Earthquake Recovery Minister Gerry Brownlee announced this week that a new investment facilitation service has been established to encourage investment into the new Christchurch CBD. The service, called Invest Christchurch (IC), is established within the Christchurch Central Development Unit (CCDU).
IC is professionally staffed by a group of investment facilitators experienced in working in finance, investment, property development and government administration. It will facilitate investment proposals in a number of ways, for example by:
- providing one-on-one briefings on the detail of the Christchurch Central Recovery Plan and the opportunities for the private sector it creates;
- providing relevant information on the seismic and geotechnical characteristics of central city blocks of interest to investors, and associated building requirements;
- promoting private sector investment in the New Zealand Government and Christchurch City Council’s central city anchor projects; and
- streamlining land acquisition processes for projects under the Canterbury Earthquake Recovery Act 2011.
- IC will initially focus on attracting local and national investors and business and development communities, before looking to launch an international investment marketing campaign in the fourth quarter of this year. It will also seek private investment for the city's proposed "civic asset" type anchor projects, which include parks, a multi-purpose stadium and an innovation hub.
IC is now open for business and has committed to assigning an initial investment facilitator to all interested investors, businesses and developers within 24 hours of them making contact.