Invest New Zealand

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Invest New Zealand is a proposed foreign investment agency created by the New Zealand Government to boost productivity and innovation in 2025.[1] The unit was initially established as a unit within the New Zealand Trade and Enterprise organisation before it becomes a separate Crown entity.[2]

Functions and mandate

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Invest New Zealand is one of the two designated government agencies alongside New Zealand Trade and Enterprise (NZTE) tasked with boosting economic growth through international trade and investment. Invest New Zealand will be responsible for facilitating foreign direct investment with the exception of public infrastructure, which falls under the responsibility of National Infrastructure Funding and Financing. The agency will be tasked with working with multi-national companies and foreign investors to attract people, businesses and capital into the New Zealand economy. Invest NZ will also focus on investing in science, innovation and technology that contributes to economic development.[3]

The Invest New Zealand Bill is the proposed regulatory framework for the agency.[4]

History

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On 23 January 2025, Prime Minister Christopher Luxon announced during his state of the nation speech that the Government would create a new foreign investment agency to boost New Zealand.[1] That same month, Invest New Zealand was established as a unit within NZTE with plans to transition it into a separate autonomous Crown entity.[2][3]

References

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  1. ^ a b Palmer, Russell (23 January 2025). "Christopher Luxon announces foreign investment agency in state of nation address". Radio New Zealand. Archived from the original on 23 January 2025. Retrieved 23 January 2025.
  2. ^ a b "Introducing the new agency: Invest New Zealand". www.nzte.govt.nz. Invest New Zealand. Archived from the original on 17 May 2025. Retrieved 30 May 2025.
  3. ^ a b "Invest New Zealand and New Zealand Trade and Enterprise". Ministry of Business, Innovation and Employment. Archived from the original on 7 June 2025. Retrieved 9 June 2025.
  4. ^ "Invest New Zealand Bill". Legislation New Zealand. Parliamentary Counsel Office. Retrieved 9 June 2025.