Veteran venture capitalist Tony Bishop has added his voice to calls for wealthy investor migrants to be required to channel a portion of their funds into productive, growth-focused New Zealand investments.
Close to $4 billion is set to be invested in this country through the current investor visa programme, which launched in 2009.
But around 80 per cent of migrant investor funds currently end up in government and corporate bonds, according to a paper published this week by professional services firm KPMG.
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• KPMG: Make migrants take a risk
• Andrew Hamilton: Rich migrant investment could help push NZ forward
Business incubator The Icehouse is also calling for an immigration policy overhaul. Icehouse chief executive Andy Hamilton said at least 10 per cent of wealthy migrant capital should go into growth investments.