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2 Jan 2026 23:00
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      Home > News > Technology

    Loaning money to private dairy company would set precedent

    Loaning money to a private hi-tech dairy company would set a precedent of the Crown as a lender of last resort


    It's been revealed Treasury advised deferring the decision to loan Westland Milk Products Limited 9.9 million from the Provincial Growth Fund.

    National's Regional Economic Development spokesperson Paul Goldsmith says the Government should have listened.

    He says private companies shunned by the banks will be lining up for soft loans.

    © 2026 Newstalk ZB, NZCity

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     04 Dec: How the internet became enshittified – and how we might be able to deshittify it
     01 Dec: Business as usual is expected at Air New Zealand and Jetstar today - after warnings solar radiation could interfere with onboard computers on Airbus A320 aircraft
     Top Stories

    RUGBY RUGBY
    Wellington Blaze coach Jonny Bassett-Graham is certain Georgia Plimmer can maintain her great form...even without opening partner Amelia Kerr More...

    BUSINESS BUSINESS
    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather More...


     Today's News

    		 Accident and Emergency:
    A person has serious injuries after a two vehicle crash in Northland's Cove Road in Waipu this evening 21:56

     Law and Order:
    Two men and two teenage boys have been apprehended after an aggravated robbery, and an over 100 kilometre chase in Thames 21:16

     International:
    Donald Trump gave a wide-ranging interview about his health. Here's what we learned 19:56

     Business:
    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather 18:56

     Environment:
    Crans-Montana ski resort fire witnesses recall how the tragic blaze unfolded 18:46

     Environment:
    Parts of the North Island should brace for thunderstorms tonight 18:36

     International:
    Walking with Moai: Unlocking the mysteries of Easter Island stone statues 18:07

     Soccer:
    The Wellington Phoenix are striving to keep calm as their tough season approaches make-or-break time 18:06

     Cricket:
    A washout in the men's Twenty20 Super Smash game between Auckland and Wellington at Eden Park outer oval 17:56

     Soccer:
    Embattled Wellington Phoenix coach Giancarlo Italiano is expecting his players to fire up this weekend 17:27

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