Economic development - investing in the region's economic future

by Charlotte,

Greater Wellington invests in economic development in different ways. We invest in core regional infrastructure such as public transport, water supply and flood protection to provide the foundations of the regional economy. We also support the region’s economy by identifying opportunities and initiatives that deliver economic growth.

One of our key programmes is the Wellington Regional Strategy, an economic development plan developed in partnership with the city and district councils. The plan is carried out by the Wellington Regional Strategy Office, and the Wellington Regional Economic Development Agency (WREDA). WREDA, a joint council controlled organisation of Greater Wellington and the Wellington City Council, also undertakes tourism, major events and venues activities for Wellington city.

Greater Wellington funds WREDA at approximately $4.2 million each year to support economic growth in the region. City and district councils also undertake some economic development activities on a local scale.

We are the majority shareholder of CentrePort (along with Horizons Regional Council). The port has a critical function for freight distribution and exports as well as providing the ferry connection between the North and South Islands. We will work with CentrePort and other key partners to develop a long-term strategy for the port land as well as plans for a multi-user ferry terminal.

Overall for this area, the level of service is proposed to be maintained over the 10 years of the plan.

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