Labour launches New Zealand Future Fund

Labour’s New Zealand Future Fund is the first step in its plan to back New Zealand’s potential and create secure, well-paid jobs across the country.

 

“New Zealanders are inventive and resourceful, but years of underinvestment have left too many great Kiwi ideas without support, while the wealth we create flows offshore,” Labour Leader Chris Hipkins said.

 

“Christopher Luxon has no plan for our economy – he is relying on house prices, the Reserve Bank and foreign investors. Labour’s plan is about backing New Zealanders and their potential starting with the creation of the New Zealand Future Fund.

 

“This Fund is about Labour’s aspiration for New Zealand. Aotearoa should be a place where our kids want to stay and build their lives.

 

“Right now, more than 200 New Zealanders are leaving every day. National has no plan to grow the economy and keep people here. But it doesn’t have to be like that.

 

“New Zealanders have a clear choice – an economy going backwards because of National’s short-term thinking, or one built by New Zealanders, for New Zealanders. Labour is backing a future made in New Zealand,” Chris Hipkins said.

 

“The Future Fund is how we back ourselves as a country – so jobs, opportunity, and wealth is made here and stays here,” Labour Finance and Economy spokesperson Barbara Edmonds said.

 

“The Fund will invest in New Zealand for the benefit of everyone, building infrastructure and backing innovative businesses to create secure, well-paid jobs and grow wealth in every region.

 

“For too long great Kiwi ideas have struggled to get the investment they need. That ends with the Future Fund, which will turn innovation into real businesses and real jobs here at home.

 

“Labour will partner with business, iwi, unions and communities to build the industries of the future and keep more wealth in Kiwi hands. The Future Fund is the first step,” Barbara Edmonds said.