TCDC has announced local businesses can apply for interim cyclone support. Photo / Matthew Davidson
A $25 million grant allocation to help businesses in cyclone-affected regions to clean up and get back on their feet is a welcome boost to the Coromandel.
“We really want to thank the Government for listening to us as we shared what our business communities are going through, and addressing some very painful economic hurt,” says Thames-Coromandel Mayor Len Salt.
“Between Cyclone Hale and Gabrielle, we’ve hosted Minister McAnulty, Minister Allan and Minister Wood, who have really understood the magnitude of these events on our local economy.
“We acknowledge other regions that have been worse-hit in many ways, and the distribution of this funding will reflect that in the allocation. The collapse of our roading networks is one of the biggest issues for us, and those connectivity links have a huge impact on business productivity,” says mayor Salt.
Thames-Coromandel District Council has been tasked with the disbursal of funds for the area, and is currently working through the process of how that will actioned.
“There will be collaboration and input from our business associations and industry leads around our district as part of this process, which we’ll be working through over the next few days,” says mayor Salt.
In the past week, council chief executive Aileen Lawrie, its Economic Development Team, elected members and Economic Development and Communications group manager Laurna White attended the Thames, Mercury Bay and Whangamatā business associations, and the feedback from these local communities was extremely valuable and will help with decisions around the allocation of funds. The council has also been running a business impact survey, and this data and evidence will also contribute to the decision-making.
Details of the Government’s assistance package:
“Each local agency will have its own processes, but the Government has provided the funding to address the immediate cashflow needs of businesses. This includes those that have been impacted due to barriers to customer access, ability to source stock, supply chain issues, inability to operate as usual due to physical damage to equipment or premises, or delays in insurance assessment and repairs.
“The initial allocation from this fund will be capped at $40,000 per business while we assess the overall demand for the fund. Further allocations to businesses that access this initial funding are possible.
Along with the grants scheme, $250,000 will be provided for the Employers and Manufacturers’ Association to extend the reach of its employer helpline, and $600,000 for Regional Business Partners to increase the amount of business advice they can offer.
The First Steps mental wellbeing initiative is available for use by businesses in affected regions. The costs of this are covered by the recent funding injection after the Auckland floods. The Government will keep a close eye on this and stands ready to assist further if necessary.
Today’s announcement adds to the $25 million in support that is already going out the door to our farmers and growers and Friday’s announcement of a new recovery visa to help bring in more workers to help with the recovery.
Find out more:
Visit tcdc.govt.nz/bizcyclonerelief and business.govt.nz/cyclone-recovery.