Business Support: COVID-19 Update
By The Otago Chamber of Commerce | Posted: Sunday May 31, 2020
Stay informed and reach out for support
Over the last few weeks, we have all had to adapt to a rapidly changing business environment. Knowing what support and resources are available is vital in navigating your way through the effects of the pandemic. We have pulled together the most recent business support information into a one place as a reliable and up to date resource. Keeping informed is essential to good business decisions in these difficult times.
Individual Business Support
If you would like to speak with one of our team about what is available to support businesses through COVID-19, please register on the Regional Business Partner Website www.regionalbusinesspartners.co.nz. If you have queries about accessing RBP support & advice, please email firstname.lastname@example.org.
COVID-19 Advisory Funding
The Regional Business Partner Network was given additional government funds to support businesses through COVID-19 alert levels 4-3.
The focus of this funding was to assist businesses to access 1-1 support with professionals in the following areas:
- Employee Relations & Legal
- Finance and Cashflow Management
- Health and Wellness
- Business Continuity Support
- Marketing Support
- Digital Enablement Services
This funding was limited and the current level of demand has met the allocation available. New businesses who register for support, can no longer access this fund.
Our Regional Business Partner Growth Advisors are continuing to work with the businesses that have registered.
There are still resources available through the network to help businesses, including:
- RBP Growth Advisors in your region who can help you navigate to find the right support;
- Free webinars tailored to specific business need;
- The Management Capability Development Fund is still an option for those wanting to undertake training activities.
Level 2 Announcement Monday 11 May
As of 11.59 Wednesday 13 May, New Zealand will move to Alert Level 2.
Information on what life and business will look like at Alert Level 2.
Full announcement from the Government Click here
Small Business Cashflow Loan Scheme - Announced 1 May, 2020
The Government has announced it will provide interest free loans for a year to small businesses impacted by the COVID-19 economic shock to support their immediate cashflow needs.
Applications will open on 12 May and be managed by Inland Revenue. Applications close on 12th June 2020.
See the official Government announcement of 1 May for more detail.
- Scheme will provide assistance of up to $100,000
- Loans will be interest free if they are paid back within a year
- Businesses will have to declare they are viable
Affected by job loss through Redundancy
The Ministry of Social Development offer support to businesses and staff affected by economic factors and business changes. They can work with businesses to provide information or someone to speak with staff about finding work, eligibility for financial assistance, or brokering for work with similar employers, etc. In this time of social distancing, they can provide resources and availability via zoom and phone calls as well.
If any of your staff are likely to be affected by job loss, click here for information for you to pass on to affected staff.
Health and Wellbeing
Many business owners and employees are feeling the strains of COVID19 on their mental health. If you or a member fo your team feel you are not coping, it is important to talk with a health professional. For support with grief, anxiety, distress or mental wellbeing, you can call or text 1737 – free, anytime, 24 hours a day, 7 days a week – to talk with a trained counsellor
The New Zealand Institute of Well-being and Resilience have put out the following advice to businesses:Click here
More support for Business
The Government has announced a set of new relief measures for small and medium-sized enterprises (SMEs) during the COVID-19 pandemic.
The new measures include:
- greater flexibility for taxpayers in respect of statutory tax deadlines
- changes to the tax loss continuity rules
- a tax loss carry-back scheme
- measures to support commercial tenants and landlords
- further business consultancy support. Click here
Tax Update for Business
Immigration New Zealand to relax visa conditions
Government has agreed to relax visa conditions for a short period to allow
temporary migrants and international students to further assist with our
essential services during the COVID-19 response Click here
Mortgage Holiday Information
Information on payment holidays for businesses and home owners affected by the economic impacts of COVID-19 Click here
Information on Business Loans
Recent news on Business Loans available can be found here
Residential Property Settlement information
General guidance for residential property settlements can be found here:
Property settlement guidance for lawyers during COVID-19 can be found here:
Information for Landlords
What landlords and tenants need to know Click here
Workshops | Webinars
If you missed any of the Otago Regional Business Partners Covid-19 Response webinars, you can find the recordings here.
To find out more about any of the new webinars added to our series and to register click here.
Information for Xero Customers
Xero Assistance Programme Click here
Other Key Online Resources
- Workplace operations at COVID-19 alert levels
- Information on the Governments Support Package
- More information on Wage Subsidies for Business
- COVID-19: Information for businesses
- COVID-19: Information For Exporters
- Ministry of Health website for the latest updates on COVID-19
COVID-19 New Zealand Government Updates
Individual Business Support
If you would like to arrange a phone meeting with one of our Growth Advisers to discuss the support available to your business specifically, please email email@example.com or phone 03 479 0181 or Freephone 0800 42 49 68.
Our support for you and your business is ongoing. Please do not hesitate to pick up the phone or email if you would like to speak with one of our team. Click here for more information on the support available.