Venture Taranaki is working to support our business community and maintain continuity for our economy and the community. We are well prepared for this Alert Level change and ready to adapt in response to future developments.
If you require our assistance, advice or support please complete the enquiry form below. This gives us the information we need to help you the most efficiently, effectively, and quickly.
Please note we are working through high volumes of enquiries and responding as fast as we can, we appreciate your patience and understanding at this time.
Government Support for Impacted Businesses
The Government has announced a comprehensive billion-dollar package to help manage the economic impacts of COVID-19. Within this is specific support available to enterprises who may face laying off, reducing staff hours, or had revenue reduction because of COVID-19.
The Government has announced that a wage subsidy will be available to businesses impacted by the move to Alert Level 4 on 17 August, 2021. Wage subsidy applications open at 9am on Friday, August 20 (for two weeks) and will be available to all New Zealand businesses and self-employed people that meet eligibility criteria.
When you apply you will need to provide your IRD number, business name and address, names of your employees and their IRD numbers, and contact details for your business and your employees.
A resurgence payment is also available for eligible businesses which have had a revenue reduction. The Resurgence Support Payment (RSP) is a payment to help support viable and ongoing businesses or organisations due to a COVID-19 alert level increase to level 2 or higher.
For some of our Taranaki enterprises, it’s a challenging time to be in business, and if you need support, we're here for you.
Whether it’s about your recovery or your growth, we can connect you with the resources and expertise you need. We’ve helped hundreds of Taranaki enterprises, and we may also be able to help you access funding for expert advice and support. If you’d like support from Venture Taranaki please complete the form below. We’ll then get in contact with you as soon as possible to talk about your enterprise needs and your eligibility for funding.
Venture Taranaki's COVID-19 Enterprise Support Response Update
As Taranaki’s regional development agency, Venture Taranaki has been focused on helping the region’s enterprises manage the impacts of COVID-19 restrictions. This work has seen our interactions with enterprises increase by over 300%. We’re still here to help and encourage you to reach out to us if you would like support. Get in touch at [email protected].
We are continuing our recovery focus, and implementing our regional tactical plan to help Taranaki’s economy regain its momentum.
To date, Venture Taranaki has conducted 3,937 COVID-related interactions with enterprises and has issued a total of $678,100 in funding across 710 approvals. We have also issued $117,033 worth of our regular growth and capability funding, bringing the total financial support for Taranaki enterprises to $796,133 since the lockdown and various alert level changes. It’s encouraging to see enterprises still pursuing growth and development at this time.
Ahead of the Curve - a Webinar Series
Our webinar series, ‘Ahead of the Curve’, is aimed at supporting the Taranaki business community during COVID-19 and beyond, the series will host different industry and technical experts to support our community and provide critical information and expertise as we transition through the levels of restrictions and begin our regional economic recovery.
New Report Forecasts COVID-19 Impact on Regional Economy
A new forecast for Taranaki’s regional economy for the next 12 months finds the economic impacts of COVID-19 will create the greatest economic shock in living memory, and could have a significant impact on the region.
The report, commissioned by Venture Taranaki and New Plymouth District Council, and undertaken by economists Infometrics, anticipates a 8.5% contraction in regional GDP for the year to March 2021 – slightly worse than an 8% drop forecast nationwide, while jobs are expected to decline 9.5% in the region, against a 9.8 % drop nationally. Read the report.
Watch Infometrics’ Brad Olsen discuss the key findings of the report, and implications for the regional economy here.