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Software firms fear loss of growth grant will undermine competitiveness
17 Mar, 2021 07:22 PM
6 minutes to read
Then mall Business Minister Stuart Nash, Green Party spokesperson for Small business Chloe Swarbrick and Prime Minister Jacinda Ardern reveal the new policy in 2018. Photo / Chris Keall.
RNZ
By Emma Hatton of RNZ
Software companies say they ve been all but written out of the government s new Research and Development (R&D) funding system, which - after a long runup - begins in just over two weeks time.
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From April 1 a tax incentive will replace the Callaghan Innovation R&D growth grant. With the change comes a new criteria that would allow more businesses to apply, but a narrowed scope for what was considered R&D.