Other Sources of Funding
A sound business plan will assist you in obtaining funding from investors, banks or government agencies. Enterprise Training providers can advise on developing business plans and funding cases - see www.nzte.govt.nz for more.
NZ Lottery Grants Board
You may qualify for funding from the New Zealand Lottery Grants Board if you are looking to establish community, environmental, heritage or marae facilities. For details, see the NZ Lottery Grants Board section of Department of Internal Affairs website.
NZ Trade and Enterprise
New Zealand Trade and Enterprise's Business Incubator facility is designed to assist businesses to become established and profitable during their start up phase. It does this by providing premises, business advice and services, networking and mentoring to its tenants. It generally employs a full time manager and houses all its start up companies (tenants) in one location.
Funding grants are made each year.
New Zealand Trade and Enterprise also administers the Regional Partnership Programme. This is open to "communities of interest" - groups involving a cross section of agencies such as local government, iwi, economic development agencies, community and business groups.
The programme provides up to $2 million in funding for regional initiatives. Regions are also required to contribute to funding. Contact
New Zealand Trade and Enterprise for further information.
Work and Income New Zealand
Work and Income New Zealand clients may qualify for a Business Training and Advice Grant, or an Enterprise Allowance Grant.
Business Training and Advice Grants allow investigation of self-employment options. Clients must be registered with WINZ and intend to take up, or already be receiving an Enterprise Allowance. There is a maximum grant of up to $600 per person per project.
The Enterprise Allowance Grant is a lump sum payment available for capitalisation of essential start-up costs. The Grant can be given on its own or in conjunction with the Enterprise Allowance Subsidy to a maximum of $5,000 per client Project. Where a subsidy and grant are used in combination, the total cannot exceed $10,000 per client over 52 weeks.
See Work and Income New Zealand for more details and application forms: www.winz.govt.nz
Related Documents & websites:
Enterprise Development Grants - www.nzte.govt.nz/edg
Lottery Grants - www.dia.govt.nz/diawebsite.nsf/wpg_URL/Services-Lottery-Grants-Index?OpenDocument
Fundview - www.fis.org.nz
Work and Income New Zealand - www.winz.govt.nz
For enquiries, contact:
funding@tourism.govt.nz
|
