There's frustration over the Government's lack of pace in changes to encourage foreign investment.

It's set aside $65 million over four years to loosen the capitalisation rules for investors.

The change will allow foreign-owned companies to fund a bigger chunk of their investments in New Zealand through tax deductible debt.

Queen City Law managing director Marcus Beveridge says told Mike Hosking the Government's still trying to get rid of roadblocks.

He says it's underwhelming to be a year and a half through an election cycle and to still be tweaking things in this space.

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