Changes to Active Investor Plus settings to support New Zealand's prosperity (Cabinet paper, proactive release)

Cabinet paper 'Changes to Active Investor Plus settings' (8 May 2026) with coversheet (minute ECO-26-MIN-0077, 13 May 2026). Statistics on the April 2025 settings' first year (1 Apr 2025-31 Mar 2026): 637 applications (526 Growth, 82.6%; 111 Balanced, 17.4%), over $3.9bn applied for, more than $1.49bn invested, $2.41bn pipeline; previous settings 116 applications worth about $800m; Growth capital committed to managed funds $741.2m (private credit 539.3, VC 96.1, PE 60.3, fund of funds 35, multi-strategy 7.5, infrastructure 3; parts add up), DIMS $251.5m, direct $20.4m; almost $2.5bn expected in the next six months. All added (20 rows). Events: DIMS removal (5 Dec 2025) and the philanthropy decision. The 20% Growth philanthropy cap is already a rule (from the INZ visa page). A second proposed investment class is redacted throughout ('Confidential advice to Government'). Out of scope: share of charities in Tiers 1-3 (45%). Money in bare '