Markets

Budget 2022 pitches equity fund for small business

Dan Brunskill
Thu, 19 May 2022

Budget 2022 pitches equity fund for small business
The government wants to partner with banks to provide investment in small businesses.
Dan Brunskill
Thu, 19 May 2022
Budget 2022 has set aside $100 million to form a business growth fund that aims to invest in small to medium businesses alongside retail banks. The government would establish the fund with private banks and it would be a minority shareholder, essentially acting as a cornerstone investor.The minister for economic development, Stuart Nash said the fund was intended to fill a gap in New Zealand’s capital markets for small businesses that require growth capital. “SMEs are a core part of our economy, contributing 30% to New Zea...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.