5. NEAR TERM & HIGH PRIORITY BIG Reform regulatory approval processes for major infrastructure projects Target and attract offshore investment and entrepreneurial migrants (e.g. wealthy investors, foreign students) Improve SME access to working capital DETAILED Rapidly reform government procurement processes to improve access by SMEs Accelerate energy, environmental and water initiatives that open up opportunities for employment and productivity improvements Allow tax deductibility of blackhole expenditure on capital raising and new projects Revamp business assistance schemes Workstream Initiative Summary Business Investment

5. LONGER TERM FOR DEVELOPMENT AND CONSIDERATION Improve the efficiency and effectiveness of freight logistics Introduce measures to accelerate capital expenditure in the non-taxed sector Introduce targeted temporary investment incentive (grant) for certain capital expenditure Initiate or accelerate major infrastructure projects in Auckland Develop and implement a National Housing Upgrade Action Plan Workstream Initiative Summary Business Investment

5. FURTHER INVESTIGATION REQUIRED Introduce New Zealand Growth Equity Fund (this can also be considered as an option through the revamp of business assistance proposal) Introduce carry back of losses Address property investment bias. Introduce Interest deductibility clawback Create special economic zones Forego company tax on new businesses for the first three years Encourage entrepreneurship by attitude and incentive (e.g. tax deduction, deferral for new business) Value and enhance IP Consider reducing GST from 12.5% to 9% Introduce a company tax structure that provides a rebate for businesses that have high staff numbers relative to taxable profit Workstream Initiative Summary Business Investment