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.
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.
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 or reducing staff hours because of COVID-19.
If you are an employer, contractor, sole trader or self-employed you may qualify to get the COVID-19 Wage Subsidy and/or Leave Payment. More information is available here.
Apply online for either the COVID-19 Wage Subsidy or COVID-19 Leave Payment.
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. Processing and approving applications will happen as quickly as possible - the aim is to make payments five working days after required information has been received – but this will depend on the volume of applications received.
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.
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.
Venture Taranaki is monitoring its data channels in real time to determine the impacts of COVID-19 on the regional economy and our enterprises.
We’ll present data from a range of sources as it comes to hand, helping you form a robust picture of the impact and benchmarking pre-lockdown performance.
- Through April we undertook a comprehensive survey of local enterprises to gauge the impacts of COVID-19. View the full survey results here, and analysis here.
- We have commissioned weekly updates on regional retail spending and transactions, contrasted to the same period last years. View the reports here.
- We have also released a number of statements on particular aspects of the regional response and recovery. You can view these here.