6077 (2026). Hon Phil Twyford to the Minister of Immigration

6077 (2026). Hon Phil Twyford to the Minister of Immigration: How much, if any, of the $1.05 billion already invested in New Zealand under the Active Investor Plus visa scheme has been invested in productive capital for businesses?

Hon Erica Stanford: As at 26 February 2026, $1.18 billion has been invested in the economy. Of this, approximately $19.6 million has been invested directly into New Zealand businesses, while a further $768 million has been indirectly invested via managed funds. As at 20 December 2025, the managed fund break down was: • Private credit: $371.2m • Private equity: $108.3m • Venture capital: $104.4m • DIMS: $100.9m • Funds of funds: $10m Total $593.9m The remainder is in bonds ($319 million), listed equities ($65 million), and property development ($10 million). An updated breakdown will be available end of March.