Labour’s finance and economy spokesperson Barbara Edmonds will introduce a Member’s Bill to make it easier for Kiwis to invest, create jobs, and grow wealth here in New Zealand.
“New Zealanders are inventive and resourceful. What’s missing is a government willing to back them,” Barbara Edmonds said.
“Last week Labour announced the New Zealand Future Fund to invest in New Zealand, create jobs, and grow wealth right here at home.
“My Member’s Bill will expand Invest New Zealand’s mandate to include Kiwi investors, not just foreign ones.
“It’s a simple but important change: striking the word ‘overseas’ from the law so that Invest NZ can work with Kiwi investors, iwi enterprises, and regional funds, rather than being limited to just foreign corporations.
“We welcome foreign investment, but National has neglected Kiwi talent and capital. My Bill simply gives Kiwi investors access to all the same tools and support currently available to potential foreign investors.
“National is failing to back our home-grown ideas, people, and capital. Labour backs a future made in New Zealand,” Barbara Edmonds said.