COVID-19 Business Support Funding
The COVID-19 crisis has had a significant impact on small and medium-sized enterprises (SMEs).
In recognition of the challenges facing business, the Government has introduced a wide range of measures to assist businesses through the crisis.
These include the wage subsidy scheme, the Business Finance Guarantee scheme, and a package of business tax changes.
While these measures apply to businesses beyond just SMEs, they provide substantial benefits to the SME sector.
On 14 July a further $40 million was allocated to the network.
The areas businesses can access Covid-19 Business advisory support include:
- HR & Employee Relations
- Health and Wellness
- Business Continuity Planning
- Finance and Cashflow Management
- Marketing, Business and digital enablement strategy
RBP Growth Advisors will help business owners identify and prioritise key needs.
To enable more businesses to access this support, the eligibility requirements for the scheme was adjusted. The eligibility requirements are:
- have a New Zealand Business Number (NZBN); and
- are registered with the RBP; and
- have between 1-100 full time equivalent employees; and
- are registered for GST in New Zealand; and
- are operating in a commercial environment; and
- are a privately-owned business or are a Māori Trust or incorporation under the Te Ture Whenua Māori Act 1993 or similar organisation managing Māori assets under multiple ownership.
The existing pipeline is large and RBPs are working extremely hard to get support to businesses that have registered.
We acknowledge that there are delays due to the pressure on the system and apologise for any frustration this has caused. We are working hard to scale up the system with additional resource.
Tourism Transitions Programme
The Government has announced a $10m investment from the Tourism Sector Recovery Fund to the Regional Business Partners (RBP) network specifically for small-medium tourism businesses impacted by COVID-19 to gain access to expert advice.
The Tourism Transitions Programme will deliver advice and support for either pivoting/adapting a business towards the domestic and Australian market, hibernating a company, or other options. It’s expected the investment will support between 2,000 and 3,000 businesses throughout New Zealand. Eligible businesses can receive vouchers of up to $5,000 to access advice and expertise to support business continuity.
The eligibility requirements and advisory support are the same as COVID-19 funding.
The business advisory services offered nationally by Qualmark and regionally through Regional Business Partners are running in tandem. The Tourism Transitions Programme is being expanded to capture a wider ranges of businesses.