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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

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What funding is available for NZ small businesses?

Written by Greg Millar on August 2nd, 2017.      0 comments

A common misunderstanding is that there's lots of cash available for any business.

7K0A0597-796This is not the case.

Government grants tend to be for small numbers of businesses in key sectors that have demonstrated they meet given criteria.

Instead most government programmes aim to help by boosting your skills and knowledge, rather than cash handouts. Where funding is available, often it is co-funded, so you’ll have to invest at least as much money as you are given.

Research and development (R&D) funding

Managed by Callaghan Innovation, there are a range of grants to meet business needs – whether you are a young start-up or an established R&D performer.

Business advisory services

Available through the Regional Business Partner Network, funded by New Zealand Trade & Enterprise (NZTE) and Callaghan Innovation. Business advisors work with local business owners to give advice, support and access to funding for business growth initiatives.

Capability development vouchers

Delivered by the Regional Business Partner Network, capability development vouchers can be used to co-fund the cost of management training, and are available to businesses with less than 50 full-time employees.

If you wish to expand your business overseas or grow your export market with the use of grant funding, call the team at Alliotts in Auckland on 09 520 9200. While specific grants aren’t available for exporters, co-funding may be available as part of a planned package of services.

Source: Ministry of Business Innovation and Employment (NZ)

 

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