Christchurch businesses impacted by Covid-19 have been given a $200,000 leg-up by Christchurch NZ, via a new business support subsidy.
The economic development agency has launched a $200,000 funding package which allowed eligible businesses to access up to $1000 each to seek professional help to “navigate the economic and resourcing impacts of Covid-19”.
The economic development agency said that it is fully funding the package, which comes in addition to other support such as the Government’s wage subsidy and leave payments, government-backed loans, and funding already made available through the Regional Business Partner network.
The new funding would allow small to medium-sized businesses to access advice in business continuity planning, finance and cashflow, human resources, and health and wellbeing.
The move comes after a recent survey by ChristchurchNZ and the Canterbury Employers Chamber of Commerce, which garnered more than 600 responses from Christchurch businesses, confirmed cash flow and resourcing concerns were top of mind, with many also experiencing wellbeing issues.
The survey also recorded growing anxiety about the economic impact Covid-19 would have, and the best course of action to cope.
The subsidy is being delivered as part of a wider business support package during phase one of a Christchurch Economic Recovery Package.
ChristchurchNZ chief executive, Joanna Norris, said: ‘’Our economic modelling work suggests the outbreak will have significant short and medium-term impact on our city’s economy and people. Good advice and specialist input now can make all the difference.’’
Christchurch-based businesses affected by Covid-19 can apply for the subsidy via the Regional Business Partners Programme – details are available at www.christchurchnz.com.
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