Further rounds of funding for businesses affected by lockdown
Auckland, and now parts of Waikato and Northland, remain in lockdown Level 3, and so further rounds of funding were made available to businesses across the country. This includes a fourth Wage Subsidy and a third Resurgence Support Payment (RSP).
Wage Subsidy #4
The Wage Subsidy is a payment to support eligible businesses, organisations and the self-employed affected by Alert Levels 3 and 4, so they can continue to pay employees and protect jobs. You can apply for the Wage Subsidy regardless of where your business is located in New Zealand. However, your business must have been affected by the continuation of Alert Level 3 or 4.
The Wage Subsidy is paid in two-week periods. Since the alert level change on 17 August 2021, four rounds of the scheme have been announced: Wage Subsidy August 2021, Wage Subsidy August 2021 #2, Wage Subsidy August 2021 #3 and Wage Subsidy August 2021 #4.
Applications for the first three rounds have now closed. Applications for the fourth round, Wage Subsidy August 2021 #4, opened on Friday 1 October and will remain open until 11.59pm on Thursday 14 October.
Resurgence Support Payment #3
The Resurgence Support Payment (RSP) is a payment to help support viable and ongoing businesses or organisations that have experienced a decline in revenue due to a COVID-19 alert level increase to level 2 or higher. If your business or organisation is facing a reduction in revenue due to an alert level increase, you may be eligible for the RSP.
A 3rd payment under the RSP scheme is available to eligible businesses and organisations which experience a 30% decline in revenue due to the increased alert levels, for the period starting 1 October2021 and ending immediately before all areas of New Zealand return to alert level 1. Applications for this payment opened on 8 October.
Please get in touch if we can help clarify support available or help with applications.