The Ministry of Business, Innovation and Employment have created an eagerly anticipated new platform for SME Representation in Government called The Small Business Council.

Formed for 2018-2019, over the next 12 months they will provide advice to the Minister for Small Business on:

  • a segmented definition for the SME sector
  • a small business strategy
  • the ongoing purpose and functions of the Council beyond the initial twelve-month appointment
  • establishing a Small Business Institute to be located in a New Zealand tertiary institution

The council is made up of thirteen business leaders and four Government advisors who will meet monthly. You can see the full list & a short bio on each member here.

Small Business Minister Stuart Nash was quoted on the new appointment saying, “The Council will help the government develop a strategy to drive improvement and innovation in the small business sector… Significant shifts in technology, the global trading environment, and domestic policy settings always present challenges for businesses.”

“The time has come to establish a specialist group to consider some of these strategic issues over a longer timeframe and pull together advice from a range of institutions and practitioners… I want to make sure SMEs are well placed to maximise future opportunities and play their part in helping create a sustainable, productive and inclusive New Zealand economy.”

How big of a footprint do SME’s have in NZ?

MBIE’s 2017 report with statistics from Statistics New Zealand cites that:

A full list of MBIE’s publicised 2017’s SME statistics can be found here.

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