The Government’s latest measures to support small and medium-sized businesses during the COVID-19 pandemic have been welcomed by Taranaki’s regional development agency Venture Taranaki.

“The tax package announced by Finance Minister Grant Robertson reaffirms that the challenges our enterprises are facing are much broader than keeping their staff on board.” 

“While wage subsidies have provided critical short-term support, there are very real medium and long-term impacts to business continuity which need to be considered and addressed.”

“We know that cashflow is one of the biggest issues being faced by businesses at this time, and the tax package announced today have the potential to make a positive difference in this space.”

“The tax package and additional funding through the Regional Business Partners programme are important measures to ensure our business community can reopen as and when the alert levels allow, but also continue operating in a different, post-Covid-19 economic landscape,” Justine says.

As the Regional Business Partner for the Taranaki region, Venture Taranaki is the link between government and local enterprises.

“We have already had 1200 interactions with Taranaki businesses to connect them with government support, as well as launching our own professional advice grants, which have been supported by our three local councils and matching from 45 local firms.”

“Taranaki’s needs are unique, and as we start to shift our focus beyond response to recovery, we hope that the funding includes the flexibility for us to align it to the region’s needs.”