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Govt approves extra $25 million for cyclone-affected businesses

Cyclone Gabrielle news

This follows earlier support of $50 million provided to the Hawke’s Bay business community in the wake of Cyclone Gabrielle.

“The priority has been to get businesses back up and running as quickly as possible from the impact of the cyclone, working through the local agencies on the ground who know their area best,” Finance Miniister Grant Robertson said.

“Demand for grants has been strong, with applications to the local providers managing the funding exceeding the $50 million allocated. Based on the most recent assessment an additional $22 million is required to meet the additional demand, with around 5,800 applications received.

The extra funding allow more firms to be supported up to the $40,000 per-business. As with the previous funding, it will be managed at a local level by agreed providers.

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