UPDATED MAR 7 Wages Subsidy, Resurgence Support Payment and Tourism Transition Funds and more!

Updated: Mar 7


government subsidy question mark information covid19

FLEXI WAGE SCHEME

Help is available to keep staff on or hire new staff from the Flexi Wage scheme from Work and Income.


See this link


MANAGEMENT CAPABILITY FUNDING


In addition, through the Regional Business Partners Network Management Capability fund – you may get access to 50% of the funds (up to $5000 p.a for your business) that you would spending on such projects as:


Marketing Strategies Business Planning Business Systems Managing Resources

Capital Raising Finance Business Sustainability Governence


See this link or contact us


NEW WAGE SUBSIDY

Information on the latest Wage Subsidy payments has been released - with applications opening at 1pm Thursday 4 March (tomorrow). The Wage Subsidy March 2021 is a payment to support employers and self-employed people, so they can continue to pay employees and protect jobs for businesses affected by the rise in alert levels on 28 February 2021. Eligibility To qualify, your business needs to experience a 40% decline in revenue over a consecutive 14-day period between 28 February and 21 March, compared to a typical 14-day period between 4 January and 14 February 2021 (6 weeks before the change in Alert Levels). Applications You'll be able to apply online from 1pm on Thursday 4 March 2021 and payments start from Monday 8 March 2021. There will be a link to the application form available on the Work and Income - Wage Subsidy page from 1pm on Thursday 4 March 2021. Payment rates The Wage Subsidy March 2021 will be paid for 2 weeks at the rate of:

  • $585.80 a week for each full-time employee retained (20 hours a week or more)

  • $350 a week for each part-time employee retained (less than 20 hours a week).

You can’t get a Wage Subsidy for an employee for the period they're covered by a Leave Support Scheme or Short-Term Absence Payment. Visit the Wage Subsidy information and application page here.

COVID-19 RESURGENCE SUPPORT PAYMENTS


To qualify for the payment, businesses must show a 30% drop in revenue over a seven day period compared with a typical similar revenue period in the six weeks prior to the Alert Level rise.


A seasonal business must show a 30% revenue drop compared with a similar week the previous year.


The payment is available to businesses nationally if they can meet the eligibility criteria, not just those in Auckland.


The payment includes a core per business rate of $1,500 plus $400 per employee up to a total of 50 FTEs – a maximum payment of $21,500.


Businesses can apply for the payment via the Inland Revenue website.


TOURISM TRANSITION FUNDING


The Tourism Transition Fund was announced by the Government last August to enable tourism businesses to access expert advice and support. The $10m fund is administered through the Regional Business Partner Network of which we are a registered service provider. This service is in addition to the support offered through Qualmark. There is still approximately $3m available in this Fund.


The funding available per business is up to $5,000 – so the Fund can still assist many tourism or travel businesses. This funding can be used with a range of providers depending on your business needs. No co-funding is required. This is a straight grant.


If you have not accessed this and need help with reforecasting, cash flow, talking to your bank, considering your financial and legal options or improving your mental wellbeing, the Tourism Transition Fund may be for you.


Register on the RBP website and a business advisor will contact you to assess your needs.