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Billionaire’s Team NZ rival got two R&D grants but not $17.25 million

_MR_7914

 

UPDATED: Core Composites, a Warkworth company run by New Zealanders Tim Smyth and Mark Turner but owned by USA-based Oracle Racing, said in a statement this afternoon that it had not received a growth grant of $17.25 million as earlier reported. It said the latest grant started in July 2013 and to date it had received just over $250, 000…

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By HAMISH MCNICOL

NBR nz

 

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