Capability Voucher Funding
The Otago Chamber of Commerce is part of the nationwide Regional Business Partner (RBP) Network, a network that supports businesses through their growth and innovation journey.
The Capability Voucher Funding scheme helps business owners to access business training and coaching services by providing them with up to a 50% subsidy towards the registered cost of training/coaching. Such training and coaching services can help you to develop new skills and expertise in-house, and span the areas of business planning, marketing, finance, business systems, staff management, governance, sustainability, lean business, business operations and export development.
What is the Capability Voucher Funding able to be used for?
Capability Voucher Funding is designed to help business owners to access training and coaching services by providing them with up to a 50% subsidy toward the registered service cost (up to a maximum of $5,000 excluding GST).
There are numerous areas in which you may be able to get assistance with, including:
- Business Planning
- Business Systems
- Staff Management
- Lean Manufacturing & Business Operations
The vouchers may be used for sole traders, business partners, directors, CEO’s, senior management and team leaders in the development and growth of management capabilities, but may not be used for general staff training.
How do I know if I'm eligible to apply for Capability Voucher Funding?
Any business is able to meet with our Growth Advisors for assistance and advice. However, to access the Capability Voucher Funding, the business must have undertaken a discovery assessment with our Regional Business Advisor. After the assessment, if it is identified that an investment in the business would have an impact on the businesses ability to grow and contribute to economic development within the region, the business may be eligible for a Capability Voucher to cover up to 50% of the cost of that training or coaching (up to a maximum of $5000 p/a per business).
The business must:
- Be able to demonstrate both willingness and capacity to grow
- Have developed an action plan together with a Growth Advisor
- Have fewer than 50 full-time equivalent employees
- Be registered for GST in New Zealand
- Operating in a commercial environment
- Be a privately owned business, OR a Maori Trust or incorporation under the Te Ture Whenua Maori Act 1993, OR a similar organisation managing Maori assets under multiple ownership
The business should also:
- Be exporting, have export potential, be involved in the export supply chain or have the potential to contribute to economic development in the region
- Demonstrate commitment to improving management capability. Indicators of commitment include the fact they have sought advice, have worked through the assessment process and are willing to co-fund capability building activities and make the required time commitment
- Have an identified gap in its capability that can be addressed through management capability building and training
Our Growth Advisors will be able to discuss the criteria for funding with you, and will usually be able to confirm whether your business is eligible for Capability Voucher Funding.
For more information please contact:
Business Growth Manager
Business Growth Advisor
Business Growth Advisor