Encouraging investment is a top priority in this month's upcoming Budget, according to new reports.

Prime Minister Chris Luxon says it'll come from a small number of measures, including more funding for a R&D tax credit.

BusinessNZ Advocacy Director Catherine Beard says New Zealand is currently one of the hardest OECD countries to invest in.

She says the new agency, Invest New Zealand, is one positive measure.

"Much more like a concierge sort of treatment for investors - and they will have the door flung open and the welcome mat put out."

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