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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

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?

Budget 2022 pitches equity fund for small business

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team