Govt tips further $60M into venture fund to encourage private investors

Govt tips further $60M into venture fund to encourage private investors
Feb. 27 (BusinessDesk) – The government is backing the New Zealand Venture Investment Fund with a further $60 million as part of its efforts to encourage more private investment. The latest injection follows a previous $40 million underwrite and is on top of the $160 million the government has already allocated to the venture capital programme. “The underwrite facility is a contingent liability rather than an upfront sum,” said Economic Development Minister Steven Joyce. “It provides the flexibility so that NZVIF can continue to make commitm...