Are you aware that your business may be eligible for assistance in the form of grants, business advice or even overseas office space?
From research and development to hiring labour, there is a wide variety of assistance available to New Zealand businesses. It is commonly misconceived that the help is only for start-ups, but there are also a number of initiatives for mature organisations of all sizes. Grants may be given to develop new products and markets, including research and development and commercialisation of your ideas. There are a number of subsidies available if you are in a position to provide roles for the long-term unemployed, disadvantaged or people with disabilities. In addition, if you are exploring international markets, there are also services provided by overseas organisations such as the Japan External Trade Organisation.
How can you access this funding?
In the first instance, contact your Regional Business Partner:
Whilst some of the larger funding applications may take some time to process, it could take just a few days to process the under $5,000 funds and around 2-3 weeks for a decision on applications up to $30,000. The majority of funding is on a 50/50 basis paid at the end of the project. Claims cannot be retrospective, so if you are about to start an R&D project, or trying to access a new market, then look for assistance now!
If you are interested in the opportunities for employers see the Work and Income New Zealand website at www.workandincome.govt.nz for details on how to apply.
Further details of all of the assistance on offer is available in the PDF document below, with a table including easy to use links to relevant websites. You may also wish to contact your usual advisor for further assistance with the application processes.
Download the June 2015 Summary of Government Assistance