Financial support for businesses

Find out what financial support you can get for your business.

Latest update — 26 November 2021

Resurgence Support Payment

Businesses can now apply for the increased Resurgence Support Payment.

  • Businesses can receive $3000 per business plus $800 per full-time employee (FTE), up to 50 FTE.
  • The maximum fortnightly payment is $43,000.
  • If you are self employed, or a sole trader you can receive a payment of $3,800.

The eligibility criteria remains the same. 

The Resurgence Support Payment will continue to be available to businesses anywhere in New Zealand until 11:59pm on Thursday 2 December when all areas of New Zealand move to the COVID-19 Protection Framework. 

Resurgence Support Payment

Wage Subsidy Scheme

Applications for the eighth round of the August 2021 Wage Subsidy are now open. You can apply until 11:59pm 9 December 2021. The payment rates and eligibility criteria remain the same.

Wage Subsidy Scheme

If your business has reduced revenue

COVID-19 Wage Subsidy Scheme

The Wage Subsidy Scheme will be available to all businesses while any part of the country is in Alert Levels 3 or 4. For example, while Auckland is at Alert Level 3, businesses in Auckland and other parts of the country can apply for the COVID-19 Wage Subsidy Scheme.

You can apply for the COVID-19 Wage Subsidy Scheme to help keep paying your staff and protect jobs. 

Businesses must meet the eligibility criteria to apply. 

Businesses and self-employed people must expect a 40% drop in revenue to be eligible to receive the wage subsidy. 

The wage subsidy is paid in a 2 week lump sum. You can get:

  • $600 per week for each full-time employee
  • $359 per week for each part-time employee

You cannot get the Wage Subsidy August 2021, Leave Support Scheme and Short-Term Absence Payment for the same employee at the same time.

Applications for the eighth August 2021 Wage Subsidy are now open. The payment rates and eligibility criteria remain the same. 

If you have already applied for the previous round of the COVID-19 Wage Subsidy August 2021, you need to wait until 2 weeks after you applied before you can apply for the new Wage Subsidy, even if you have not received a payment yet.

Apply for the Wage Subsidy Scheme (external link)

COVID-19 Resurgence Support Payment

The COVID-19 Resurgence Support Payment helps to cover wages and fixed costs for businesses who have been directly affected when there is an increase to Alert Level 2 or higher for a week or more. 

To be eligible, your business must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to an increase in Alert Levels.

  • You can receive $3,000 per business plus $800 per full-time employee (FTE), up to 50 FTE.
  • The maximum payment is $43,000.
  • If you're a sole trader, you can receive a payment of up to $3,800.

Businesses anywhere in New Zealand can apply if they meet the eligibility criteria.

You can apply for both the COVID-19 Resurgence Support Payment and the COVID-19 Wage Subsidy Scheme if you meet all the eligible criteria.

Apply for the COVID-19 Resurgence Support Payment (external link)

Small Business Cashflow Loan Scheme

If you employ 50 or fewer staff, you may be able to apply for the Small Business Cashflow Loan Scheme. This is a one-off 5 year loan. You can borrow a maximum of $10,000 plus $1,800 per full-time-equivalent employee within your business.

  • When applying for the loan, you need to be able to declare that your business is viable.
  • Your business must have experienced a minimum 30% decline in actual or predicted revenue over the period of a month, compared with the same month last year.
  • Applications are open until 31 December 2023 through myIR. If your business does not have a myIR account, you will need to create one to apply.

Loans will be interest free if they are paid back within 2 years. The interest rate is 3% for a maximum term of 5 years. 

Apply for the Small Business Cashflow Loan Scheme(external link)(external link) (external link)

Help with your tax

If you are finding it hard to meet your tax obligations due to COVID-19, Inland Revenue may be able to help.

COVID-19 information for businesses | Inland Revenue (external link)

Help with your rent

If you cannot meet the full rental costs for your business, you can talk to your landlord to come to an agreement about a payment that is fair. Both you and the landlord need to agree on the amount. If you cannot agree to on a fair amount, you will need to go to arbitration.

Help with commercial rent (external link)

Insolvency relief for businesses

The COVID-19 Business Debt Hibernation scheme allows businesses to get a month’s protection while they talk to their creditors. During this period, most creditors cannot take legal action to enforce their debts, for example, applying for your business to be liquidated. If your creditors agree, you can get a further 6 months’ protection.

Applications are open until 31 October 2021.

Find out if business debt hibernation is an option for you (external link)

If an employee needs to self-isolate

If an employee has been asked to self-isolate by a doctor or health official, they legally must stay home until they are told they no longer need to by public health officials.

If an employee cannot work from home while self-isolating, you may be able to apply for financial support so they can continue to get paid.

COVID-19 Leave Support Scheme

If your employees have been asked to self-isolate and they cannot work from home, you can apply for the COVID-19 Leave Support Scheme for them. Employees on a casual contract are also eligible for the payment.

You can also use the payment to help pay employees who:

  • are sick with COVID-19 and need to isolate until a doctor tells them they no longer need to 
  • have been in close contact with someone who has COVID-19
  • are at a higher risk of getting sick from COVID-19
  • live with someone who is at high risk of getting sick from COVID-19, and a doctor or health professional has told people in the household to isolate to reduce the risk of transmitting COVID-19 to vulnerable household members
  • have been asked to self-isolate by public health officials
  • need to stay home and look after a dependent child who needs support to self-isolate.

The Leave Support Scheme is paid as a 2 week lump sum at the rate of:

  • $600 a week for full-time employees 
  • $359 a week for part-time employees 

Employers and employees need to meet certain criteria to apply for the Leave Support Scheme. 

This payment is available anytime, and is not restricted to a change in Alert Levels.

You cannot get the Wage Subsidy August 2021, Leave Support Scheme and Short-Term Absence Payment for the same employee at the same time.

Apply for the COVID-19 Leave Support Scheme (external link)

If an employee is waiting for the result of a COVID-19 test

If an employee has been asked to get a COVID-19 test, they must stay home until they get a negative result. 

If an employee cannot work from home, you may be able to apply for financial support so they can continue to get paid.

COVID-19 Short-Term Absence Payment

The COVID-19 Short-Term Absence Payment helps businesses keep paying employees who cannot work from home and:

  • need to stay at home while waiting for a COVID-19 test result
  • need to stay home and look after a dependent child who has been asked to get a COVID-19 test, or
  • live with someone who has been at a location of interest and need to stay home while they wait for the person in the household to get a negative test result.

Employees on a casual contract are also eligible for the payment.

You can get a one-off amount of $359 for each eligible worker while they are staying home waiting for test results. The amount is the same for both full-time and part-time employees.

You can apply for the Short-term Absence Payment any time, not just when there is a risk of community transmission, or change in Alert Levels.

You cannot get the Wage Subsidy August 2021, Leave Support Scheme and Short-Term Absence Payment for the same employee at the same time.

Apply for the COVID-19 Short-term Absence Payment (external link)

Additional support for businesses in Tāmaki Makaurau / Auckland

As Auckland transitions to the new COVID-19 Protection Framework, businesses will be able to apply for up to $3000 worth of advice and planning support, and then receive up to $4,000 to implement that advice through the established Regional Business Partners programme. 

There will also be funding available for businesses to apply for mental health support for their employees.

If you are interested in receiving more information about this support or information on how to apply, you can register your interest.

Sign up for notifications about Auckland business support (external link)

COVID-19 support for Auckland businesses | Regional Business Partners Network (external link)

Support for ethnic communities dealing with COVID-19 challenges

The Ethnic Communities Development Fund is available for projects that support ethnic communities to grow their skills, celebrate their culture and take part in society. It is also available for initiatives that support our communities as they deal with the challenges of COVID-19.

Who can apply

Any group can apply if your project supports ethnic communities in New Zealand.

The fund’s definition of ethnic communities includes migrants, former refugees, long-term settlers and those born in New Zealand who identify their ethnicity as:

  • African
  • Asian
  • Continental European
  • Latin American
  • Middle Eastern

What funding is available

$4.2 million a year is available through the Ethnic Communities Development Fund.

Groups with legal status (this includes trusts and incorporated societies) can apply for over $10,000. Groups without legal status can apply for up to $10,000.

How to apply

You can apply at any time — there is no closing date.

Apply now (external link)

Last updated: at