Lifting business investment key for growth

14 October 2015: Attracting high-quality business investment into all parts of New Zealand is the key focus for the update of the Building Investment workstream of the Business Growth Agenda released by Economic Development Minister Steven Joyce.

The Investment Chapter aims to ensure that New Zealand has the right conditions to support and encourage more business investment, and builds on recent work to ensure New Zealand has robust financial markets regulation to support domestic capital growth.

“In recent years we have done much to help build thriving, confident, financial markets to provide strong capital flows to our growing businesses and support investor confidence,” says Joyce.

“This revised chapter sets out the Government’s commitment to significantly lift the rate of business investment as a percentage of GDP to accelerate growth throughout New Zealand, and provides the context of the Government’s priorities for investment overall.”

New actions in the Building Investment chapter include:

  • developing and implementing a new New Zealand Investment Attraction Strategy
  • attracting high-quality foreign direct investment in areas of competitiveness for New Zealand
  • attracting more research and development by multinational companies
  • expanding our pool of smart capital by attracting individual investors and entrepreneurs to reside in New Zealand.

Read the full press release on the Beehive website.