As outlined in the Budget the Wage subsidy has been extended.
Pass the subsidy on to your employees
Retain your employees for the duration of the subsidy
Do your best to pay your employees at least 80% of their normal pay
Take active steps to mitigate the impact of COVID-19 on your business
Leave Support Scheme, and
Wage Subsidy Extension
Research and Development – $150 million short-term temporary loan scheme to incentivise businesses to continue R&D programmes. The loans will provide one-off finance and will be administered by Callaghan Innovation.
Trade – $216 million boost to New Zealand Trade and Enterprise to expand the scope and intensity of support provided to exporting firms.
Ecommerce support for small businesses – $10 million in funding to support small businesses to improve their e-commerce service offerings, and incentives/grants to encourage ecommerce adoption.
Infrastructure and housing – $3 billion more for infrastructure, including building 8000 state and social houses over the next 4 to 5 years.
Training – $1.6 billion in a Trades and Apprentices Package including financial support for businesses to retain their apprentices, free apprenticeships and training in targeted critical industries. There is a specific $50 million fund for Maori Apprentices and Trades Training.
Environment jobs – 1.1 billion to create 11,000 green jobs including regional environmental projects, biosecurity and pest control roles, and DOC’s “job for nature” fund.
$400 million Tourism Recovery Fund – including a transition programme to support businesses to plan for the next steps, a fund to ensure key tourism assets survive and a domestic tourism campaign.
For full details you can access Finance Minister Grant Robertson’s Speech here.