New Zealand’s Inland Revenue has dismissed a request from industry leaders to modify the $1 billion Investment Boost scheme. The scheme, designed to stimulate investment, was readily accessible to smaller businesses like Ross Bannan’s construction firm. However, of the 498 large companies assessed, only 13 found the scheme beneficial. Industry groups had lobbied for changes to broaden the scheme’s appeal and effectiveness for larger corporations. The Inland Revenue’s decision maintains the current structure, prioritizing benefits for smaller enterprises. This outcome reflects a governmental focus on supporting smaller businesses through investment incentives, despite limited uptake from larger entities. The rejection signifies the government’s commitment to the existing economic strategy.

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