Labour pledges up to $50m annually for Elevate venture capital fund

Wednesday 14 October 2026 · 3 outlets · 3 reports · updated Wed 14 Oct, 4:15pm

In this story Labour Party, Barbara Edmonds

Labour has released an economic plan that includes redirecting up to $50 million per year from the Super Fund into the state-backed Elevate venture capital fund. Finance and economy spokesperson Barbara Edmonds stated the move aims to help innovative businesses expand and hire more staff.

How they headlined it

2:31pm4:15pm

1. NZ HeraldWed 14 Oct, 2:31pm

   Election 2026: Labour to pull up to $50m from Super Fund for Elevate fund (opens in new tab)

2. RNZWed 14 Oct, 2:38pm

   Labour unveils economic plan, pledges up to $50m a year for venture capital fund (opens in new tab)

3. Otago Daily TimesWed 14 Oct, 4:15pm

   Labour pledges up to $50m a year for venture capital fund (opens in new tab)