Kea New Zealand has conducted research which has shown Kiwi expats are very interested in investing their money in New Zealand. With foreign investment down by more than $3 billion over the past 5 years, having expats interested in investing could be great for New Zealand businesses who are in need of investment.
Sir Stephen Tindall, Chair and co-founder of Kea New Zealand says “Most New Zealanders see economic growth as our best chance of achieving improved prosperity, but growth requires capital and connections. This research demonstrates that significant increases in investment, and improved connections with global networks, can be achieved from Kiwis living overseas who remain committed to New Zealand despite their temporary or even permanent residence in another country.
“Kea New Zealand’s research highlights the fact that there is considerable untapped potential of both time and financial resources from Kiwi expats who are able and willing to invest in New Zealand’s productive economy,” said Sir Stephen.
The research was conducted between June and August this year and more than 500 people in New Zealand and offshore were interviewed, this includes 469 expats who identified themselves as prospective investors. 15% are strongly motivated to invest in New Zelaand business with 72% saying they would help mentor or manage a New Zealand business.
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