COVID-19 Business Resources and Information

​​​​​​​Business Resources and Information

At the bottom of this page is a list of resources to assist businesses to understand what assistance is available to them as a result of COVID-19. ​​

Council Support for Businesses in the Ruapehu

For local information on how Council may be able to support you and your business go to Council Services during COVID-19 Business Support and Recovery Plans​

CEDA Webinars

​Over the coming months Central Economic Development Agency (CEDA) will be delivering a series of free webinars for businesses affected by the COVID-19 pandemic. 

The webinars will take place every Tuesday and Thursday and will cover a range of topics, from business continuity planning, communications and cashflow management to resilience and leadership training.

The webinars will be 30 minutes long and will include a Q&A with the presenter.

For further information and to go to the webinars see the CEDA website​

Contact Your Bank

​The New Zealand Bankers' Association is encouraging businesses and individuals financially affected by COVID-19 to talk to their bank. Depending on your circumstances, there are a number of ways in which banks can help. Potential measures may include:

  • Reducing or suspending principal payments on loans and temporarily moving to interest-only repayments.
  • Helping with restructuring business loans.
  • Consolidating loans to help make repayments more manageable.
  • Providing access to short-term funding.
  • Referring individual customers to budgeting services.

Mortgage Holiday Scheme and Business Finance Guarantee Scheme

Finance Minister Grant Robertson announced on 24 March that a mortgage holiday scheme would be offered by retail banks. There will be a "six-month mortgage repayment holiday to homeowners whose incomes have been affected by COVID-19". The exact criteria will be announced by the banks in the coming days.

The Government and the banks will also implement a $6.25 billion Business Finance Guarantee Scheme for small and medium-sized businesses, to protect jobs and support the economy through this unprecedented time.

The package is proposed to include a six-month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been affected by COVID-19.

The scheme will include a limit of $500,000 per loan and will apply to firms with a turnover of between $250,000 and $80 million per annum. The loans will be for a maximum of three years and expected to be provided by the banks at competitive, transparent rates.​

Page reviewed: 07 Apr 2020 11:08am