New government funding and financial support – 29 October

Covid-19 Financial Support Update

Wage Subsidy August 2021 #6

Applications for the sixth COVID-19 Wage Subsidy August 2021, known as Wage Subsidy August 2021 #6, are open for two weeks between 9am, 29 October and 11.59pm, 11 November 2021.

Applications for Wage Subsidy #5 are now closed. It was available between 9am, 15 October 2021 and 11.59pm, Thursday 28 October 2021.

Your business needs to meet the eligibility criteria and agree to meet the obligations in the declaration to be able to get a COVID-19 Wage Subsidy August 2021 payment. It’s available to all New Zealand businesses and self-employed people that meet eligibility criteria.

The full eligibility details and obligations are set out in the declaration, which you must read and agree to when you apply for a COVID-19 Wage Subsidy August 2021 payment. (Declaration)

For more info, please click HERE.

Resurgence Support Payment (RSP) #4

Applications for a 4th payment opened on 29 October.

A 4th payment under the RSP scheme is available to eligible businesses and organisations which experience a 30% decline in revenue due to the increased alert levels, for the period starting 22 October 2021 and ending immediately before all areas of New Zealand return to alert level 1.

The payment will stay as $1,500 plus $400 per full-time equivalent (FTE) employee up to a maximum of 50 FTEs, or four times the actual revenue decline experienced by the applicant, whichever is less.

Applications are open for the third payment at 8 am from Friday 8 October on Inland Revenue’s website, www.ird.govt.nz.

Please feel free to contact us if you need any assistance with these applications.

New $60 million funding for Regional Business Partner Programme

On Friday 22nd October the Government announced an economic support package to support businesses affected by higher alert levels as the country transitions to the new COVID-19 Protection Framework.

The funding will cover up to $3,000 worth of advice and planning support, and up to $4,000 to implement that advice. $10 million for mental health and wellbeing support through a programme that is to be designed.

Black Arrow Business Studio is a member of the Regional Business Partner Network and we are offering programs that can be funded by this package:

  • Cashflow and profitability advisory: Help businesses understand, investigate and improve their financial and cashflow positions with deep insights, well-thought strategies & planning, specialised implementation & coaching.
  • Lean management & business development: Help businesses gain more visibility and profitability by establishing comprehensive management systems, structures and processes.

We believe many businesses can benefit from these programs while getting funded by this support package.

Please don’t hesitate to contact us to know more about the two programs and this funding package, or if you would like to refer any other businesses who can benefit from them.

Please find us on:

Facebook: https://www.facebook.com/blackarrownz
Linkedin: https://www.linkedin.com/company/black-arrow-business-studio
Instagram: https://www.instagram.com/blackarrow.nz
Our Blogs: Blogs & Updates

Follow us and give us a like to see more updates and news.

Related Posts

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.