{"id":993,"date":"2020-12-09T04:09:47","date_gmt":"2020-12-09T04:09:47","guid":{"rendered":"http:\/\/nz.legalvision.com.au\/?p=993"},"modified":"2021-02-26T17:42:37","modified_gmt":"2021-02-26T04:42:37","slug":"small-business-grants-new-zealand","status":"publish","type":"post","link":"https:\/\/legalvision.co.nz\/business-structures\/small-business-grants-new-zealand\/","title":{"rendered":"Small Business Grants in New Zealand"},"content":{"rendered":"\n<p><span style=\"font-weight: 400\">If you need some help to <a href=\"https:\/\/legalvision.co.nz\/business-structures\/starting-a-small-business-in-new-zealand\/\">commercialise a business idea<\/a>, or to tackle challenging business questions as a sole trader, you can register with your local Regional Business Partner Network. Here, you can find out which of these options are available to you, such as small business grants, low-cost business advice and mentoring. Rather than providing you with free financing, the focus of these forms of government assistance is to give you access with a vast network who can help you acquire the skills you need to run a successful business. Therefore, before you ask for help, it is a good idea to do some business planning, as the better you can articulate your vision, the more opportunities you will have access to. This article will explain what type of help is available to small businesses and startups in New Zealand, and how to apply to a small business grant.\u00a0<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">What Are Small Business Grants?<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Small businesses grants are funds available to eligible entrepreneurs to help them get started or to fund projects that traditional lenders do not support. These funds can come from:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">philanthropists;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">companies; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">government agencies.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">In some instances, grants are co-funded, so you will need to match any funding you receive. With a few exceptions, you should not need to pay any fees to access a grant. If you get asked to do so, make sure you are not dealing with a scammer.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Start by signing up with your local office of the Regional Business Partner Network. It does not matter what stage your business is in, or if you are a sole trader, you can still register for free, to access:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">business advice, tools, events and articles specifically tailored to your needs;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">connections with other professionals and access to industry-specific networks; and&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">advice on what type of assistance you might be eligible for.<\/span><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">What Small Business Grants Are Available to You?<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">As an entrepreneur in New Zealand, you can access different types of loans and grants, depending on your industry and business model. This table outlines some of the options that you may be eligible for:&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p><b>Funding Scheme<\/b><\/p>\n<\/td><td>\n<p><b>Aim&nbsp;<\/b><\/p>\n<\/td><td>\n<p><b>Who Can Apply<\/b><\/p>\n<\/td><td>\n<p><b>How to Get It<\/b><\/p>\n<\/td><\/tr><tr><td>\n<p><b>Callaghan Innovation Incubators and Accelerators<\/b><\/p>\n<\/td><td> Incubators help to flesh out great ideas and provide links to people who can help get it to marke<span style=\"font-size: inherit;font-family: inherit;font-weight: inherit\">t. <\/span>Accelerator programmes help to get you ready to approach investors. <\/td><td>\n<p><span style=\"font-weight: 400\">High-growth or technology start-ups.<\/span><\/p>\n<\/td><td>\n<p><span style=\"font-weight: 400\">Sign up with your Regional Business Partner, who can connect you to the nearest incubator or accelerator.<\/span><\/p>\n<\/td><\/tr><tr><td>\n<p><b>Callaghan Innovation Pre-incubation loans<\/b><\/p>\n<\/td><td>To help develop your idea and commercialise your intellectual property. <\/td><td>Tech start-ups. <\/td><td><p><span style=\"font-weight: 400\">Sign up with your Regional Business Partner.<\/span><\/p><\/td><\/tr><tr><td>\n<p><b>Work and Income<\/b><\/p>\n<\/td><td>To provide advice and some financial support.&nbsp; <\/td><td> <p><span style=\"font-weight: 400\">People receiving benefits who want to start a business.<\/span><\/p><\/td><td>Speak to a case manager at Work and Income.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"box box--info box--icon\">\n<p><i><span style=\"font-weight: 400\">This information can change, so your <\/span><\/i><a href=\"https:\/\/covid19.nzte.govt.nz\/page\/regional-business-partner-network\"><i><span style=\"font-weight: 400\">Regional Business Partner<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> can offer further advice as to what is available to you at any time.<\/span><\/i><\/p>\n<\/div>\n\n\n\n\n<a 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These include:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Mentoring<\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Business Mentors New Zealand (BMNZ)&nbsp;<\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400\">BMNZ is a not-for-profit organisation that offers a small business mentoring service. When you sign up, you will be assigned an experienced business mentor who will work alongside you over a 12-month period to help you:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">improve your current operations;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">grow your business; or<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">solve a specific problem.&nbsp;<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">To join this programme, you can register on the BMNZ website and pay a one-off registration fee.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Support for M\u0101ori Business Owners<\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Te Puni K\u014dkiri<\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400\">Te Puni K\u014dkiri Business Growth Advisors can help M\u0101ori business owners and entrepreneurs get their business off the ground by providing advice, information, connection and funded capability development.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">M\u0101ori business owners and entrepreneurs are eligible, if:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the majority ownership of your business identifies as M\u0101ori;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">you have a business plan; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">you have attended Inland Revenue\u2019s Introduction to Business workshop.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">After you register online, an account manager in your region will get in touch to help you identify your needs.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">As a new businesses in New Zealand, you can access various forms of help, including:`<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">free advice;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">mentoring; and&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">small business grants.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">Grants are not free money. Instead, they are aimed to help you develop skills to run your business successfully. Some grants are co-funded, so you will need to match any funding you receive. As a first step, you should sign up with your local office of the Regional Business Partner Network to find out what you are eligible for. If you need guidance through the legalities of setting up your business or preparing for a capital raise, contact <a href=\"https:\/\/legalvision.co.nz\/startup-lawyers-lp\">LegalVision\u2019s startup lawyers<\/a> on 0800 005 570 or fill out the form on this page.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1606880228344\"><strong class=\"schema-faq-question\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>How can I get a grant to start a small business in New Zealand?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong> <p class=\"schema-faq-answer\">The first step is to find your nearest Regional Business Partner office and register with them. A consultant can explain what you are eligible for and connect you to the nearest incubator or accelerator. You can then follow the specific organisation\u2019s application process, often listed on their website. If you are applying for a Work and Income funded grant, speak to your case manager about the requirements.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1606880258379\"><strong class=\"schema-faq-question\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>What kind of grants can I get to start a business?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong> <p class=\"schema-faq-answer\">As an entrepreneur in New Zealand, you can access various forms of help in the form of small business grants and (or) loans. For example, Callaghan Innovation offers pre-incubation loans, incubation and accelerator grants if you meet certain criteria. Work and Income also offers some financial support to people receiving benefits who want to start a business. Some grants are co-funded, so you will need to match any funding you receive. Your best point of start is to sign up with the Regional Business Partner Network to find out what you are eligible to.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1606880271477\"><strong class=\"schema-faq-question\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>How can I get free money from the government to start a business?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong> <p class=\"schema-faq-answer\">Government assistance for businesses is not the same as free money. Instead, they are designed to give you access to some financing and a vast network who can help you acquire the skills you need to run a successful business.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1606989773267\"><strong class=\"schema-faq-question\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Do small business grants have to be paid back?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong> <p class=\"schema-faq-answer\">Generally, you do not have to pay back small business grants but you should always confirm this during your application process.<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"3bc3beddae\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/993\" \/>            <input value=\"https:\/\/legalvision.co.nz\/business-structures\/small-business-grants-new-zealand\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"Small Business Grants in New Zealand\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you need some help to commercialise a business idea, or to tackle challenging business questions as a sole trader, you can register with your local Regional Business Partner Network. Here, you can find out which of these options are available to you, such as small business grants, low-cost business advice and mentoring. Rather than<a href=\"https:\/\/legalvision.co.nz\/business-structures\/small-business-grants-new-zealand\/\">Continue reading <span class=\"sr-only\">&#8220;Small Business Grants in New Zealand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13217,"featured_media":873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[4],"tags":[24,25,50,114],"class_list":["post-993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-structures","tag-startup","tag-small-business","tag-business-idea","tag-small-business-grants"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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Lilly has extensive experience in developing and executing marketing and go-to-market strategies for SMEs, startups and professional services firms. She also has proven experience in analysing customer behaviour data to drive revenue and creating content for various mediums and audiences.\",\"sameAs\":[\"lillyfalcon\"],\"url\":\"https:\/\/legalvision.co.nz\/author\/lillyfalcon\/\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/legalvision.co.nz\/business-structures\/small-business-grants-new-zealand\/#faq-question-1606880228344\",\"name\":\"How can I get a grant to start a small business in New Zealand?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The first step is to find your nearest Regional Business Partner office and register with them. A consultant can explain what you are eligible for and connect you to the nearest incubator or accelerator. You can then follow the specific organisation\u2019s application process, often listed on their website. 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