Expats keen to invest in NZ - survey

Published: 11:13AM Monday November 07, 2011 Source: Fairfax

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Research by New Zealand expatriate organisation Kea shows there is opportunity for a considerable injection of investment from tens of thousands of expats.

The not-for-profit organisation surveyed more than 500 New Zealanders overseas and found at least 15% were strongly motivated to invest in New Zealand companies.

Almost three quarters said they would be willing to help mentor or manage a small to medium enterprise.

Kea co-founder Stephen Tindall said since 2006 foreign direct investment in New Zealand had declined by more than $3 billion, one of the biggest deteriorations in the world.

Most New Zealanders saw economic growth as our best chance of achieving improved prosperity, but growth required capital and connections, he said.

"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."

The Kea research highlighted that there was considerable untapped potential of both time and financial resources from Kiwi expats.

The research was conducted in conjunction with the Bank of New Zealand, and Auckland City economic development agency ATEED.

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