News and releases

A new Business Payment Practices disclosure regime, announced by the Government today, will improve information and transparency around business-to-business payment practices across the economy.

The Research and Development Tax Incentive has reached a key milestone by supporting over $1 billion in research and development activity. This represents $150 million in credits to businesses performing research and development in Aotearoa New Zealand.

Advanced Manufacturing is vitally important for Aotearoa New Zealand. It is a broad and diverse sector and a major contributor to the economy, jobs and communities.

2 new grants to support businesses doing innovative activities are being developed – Ārohia / the Innovation Trailblazer Grant and the New to Research and Development (R&D) Grant.

Two thirds of Kiwi businesses agree a new way of invoicing will reduce the risk of cyber hacking, cut admin time, speed up payments and improve cashflow, according to research commissioned by the Ministry of Business Innovation and Employment (MBIE).