Pacific Business Trust launches national roadshow

Pacific Business Trust launches national roadshow

The Pacific Business Trust is undertaking a national roadshow to update Pacific communities and business networks about its new strategic direction.

The Pacific Business Trust is a “not for profit” charitable trust set up in 1985 to provide economic development services for Pacific businesses and business people in New Zealand.

Board Chairman Fa’amatuainu Tino Pereira says the Trust has reviewed its operations and is implementing a “new strategic direction which heralds a major sea change” in the way it supports the economic development of Pacific enterprises in New Zealand.

The Trust will meet with communities in open forums to be held in Christchurch (26 July), Wellington (27 July) and Auckland (28 July).

“We’re looking forward to discussing with communities how the changes we’ve implemented represents a significant shift in strategic focus, so we can properly support the evolving needs of Pacific enterprises to grow and create jobs,” says Fa’amatuainu.

“To achieve enduring Pacific prosperity we have redeployed some fixed assets, introduced a more robust process for providing the business services, referrals and growth development programmes the Trust offers.

“We are also forging new strategic partnerships to build a meaningful economic platform for Pacific communities,” he says.

Fa’amatuainu said the restructure was agreed by the Board following a full strategic review facilitated by management consultancy KPMG, with input from other successful social enterprise organisations.

As a result of the review, the Trust is in the process of selling the building it owns in Otahuhu, Auckland, which also led to the loss of 2.5 full-time equivalent (FTE) jobs associated with the property.

“While the Trust will also relinquish its Christchurch office, resulting in the loss of one job, we will outline with stakeholder communities in the South Island how their requirements will continue to be serviced in the future,” says Fa’amatuainu.

“The Trust expects to significantly improve its year-on-year results, with a clear outcomes-focused approach and a sustainable operation that will continue to serve Pacific enterprises well into the future,” he says.

“We are extremely confident that the restructure will result in programmes that will strengthen Pacific business capability, inspire young people towards successful enterprise and proactively support Pacific enterprise to grow and create jobs,” says Fa’amatuainu.

The Board has four pillars of work: Innovation, Growth and Sustainability, Assets for Growth and Excellence.

ENDS

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