Red meat industry fund announced
An $850,000 fund to help stimulate the red meat industry has been announced by the Government.
An $850,000 fund to help stimulate the red meat industry has been announced by the Government.
The fund, a joint initiative between New Zealand Trade and Enterprise (NZTE) and Beef and Lamb, aims to encourage industry-led projects with the potential to lift the profitability and competitiveness of the meat sector, Acting Economic Development Minister David Carter said today.
"The success of the 2009 Aquaculture Market Development Contestable Fund, which has driven significant innovation and market development in that industry, demonstrates the potential scope for our important red meat sector," Mr Carter said.
"Red meat generated around $5 billion in export revenue last year, and the Government believes a more concerted approach by the industry could considerably lift this figure."
Applications for the Red Meat Market Development Contestable Fund, to be administered by NZTE, close on May 20.
NZPA
Thu, 28 Apr 2011
Thu, 28 Apr 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Red meat industry fund announced
14170